During the fourth week of May the Nitrile Butadiene Rubber (NBR) market in Asia showed signs of improvement with prices moving up in key markets like South Korea and Malaysia. The increase in NBR prices was largely driven by stronger trade activity, improved demand from end-use sectors and boost in market sentiment in the Asian region. South Korea, being one of the main exporters of NBR in Asia played a major role in setting the price direction for the regional market.
In South Korea NBR prices rose by x.xx during the final week of May settling at USD xxxx/MT. This price rise was supported by a growth in export volumes and increased activity in the spot market. A positive trading sentiment returned to the market as the geopolitical situation across Asia improved. This helped bring back buyer confidence and supported stronger...
