Novorossiysk, Russia: In October xxxx, the Butyl Rubber MV xx-xx market displayed mixed trends in the US and Russia. The Russian market continued its upward trajectory, driven by increased demand from downstream automotive industries. Conversely, the US Butyl Rubber market experienced a downward trend due to weaker downstream demand and reduced production costs for the commodity.
In October xxxx, Russia&#xx;s Butyl Rubber market witnessed a xx price increase, reaching USD xxxx/MT (FOB-Novorossiysk), despite a reduction in production costs due to falling feedstock Isobutylene prices. This price rise of Butyl Rubber reflects bullish market sentiment fueled by strong demand from the downstream automotive sector, which remains a key driver for Butyl Rubber consumption. Supporting this strong demand, sales of new cars and light commercial vehicles in Russia surged, with xxx,xxx units sold, an impressive xxx increase compared to October of the previous year, as reported by the...
