Epichlorohydrin Rubber prices in China again surged in May xxxx originating from Japan resulting in higher imported prices. Despite a decline in the intra-freight rates, imported Epichlorohydrin Rubber prices in China were higher as compared to April amid Mitsui Chemical&#xx;s announcement of a price hike for its broader elastomer portfolio affected the market trend. Moreover, the Epichlorohydrin Rubber price surge was driven by a robust rise in domestic demand from the downstream automotive sector, with increased April import volumes from Japan and South Korea providing clear evidence of strong domestic interest.
Key Takeaways:
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Mitsui Chemical in Japan announced a price hike for its broader elastomer in May xxxx.
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With the rise in feedstock, Epichlorohydrin prices surged the production costs in the exporting country.
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Exports of Epichlorohydrin Rubber from Japan and the South rose in April xxxx.
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Robust sales of the downstream automotive volume.
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