The Nitrile Butadiene Rubber (NBR) market saw a persistent downturn, with prices declining in both Japan and the USA. Japan, being one of the leading manufacturers of NBR, sets off a similar trend in its export market including the USA as well. Considering the recent developments centering around tariffs, the automotive sector also continues to be affected by the same.
Understanding the underlying market conditions in the feedstock markets—butadiene and acrylonitrile—is essential to comprehending the market dynamics around NBR. As Asian butadiene supplies increased, the market experienced pressure. Participants in the market reported lower purchasing and inventory accumulation in several important regions. To optimize the inventory levels, traders have been planning to move their excess supplies from Southeast Asia to Northeast Asia. Also, demand from the end-use industries including the tyre industry, remained weak largely due to the volatility in the rubber market. Market...
