Key Highlights
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Overseas demand from the automotive, industrial, and medical industries remained steady but cost sensitive, noting automotive components in China and India were down x.xx YoY and Southeast Asian medical applications were up x.xx MoM.
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South Korean production was equivalent to export bookings preventing inventory build and operational efficiency.
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Feedstock butadiene and acrylonitrile prices were stable, limiting cost push pressures for NBR producers.
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Busan port operations were well managed preventing delayed shipments to China, India, Turkey and the USA.
Demand-Side Analysis
In the week ending September xx, xxxx, NBR xxx-xxx FOB Busan demand was stable, with overseas pull from automotive, industrial and medical applications remaining at baseline volumes, almost undoing the previous xx weeks of bearish price trend. Year-On-Year automotive components demand in China and India was down marginally (-x.xx) as vehicle output slowed, while medical grade glove and seal applications in Southeast Asia were up moderately (+x.xx MoM)...
