NBR Supply Surplus Keeps South Korea Prices Under Pressure: Sees 2.34% Decline in Early January 2026

NBR Supply Surplus Keeps South Korea Prices Under Pressure: Sees 2.34% Decline in Early January 2026

Dante Alighieri 09-Jan-2026

The South Korean market for Nitrile Butadiene Rubber (NBR)continues to experience pressures during the initial months of 2026 as a result of oversupply, consistency of delivery, and low downstream demand. Market conditions are not expected to change during this period; however, NBR producers are producing at full capacity due to an adequate supply of both butadiene and acrylonitrile from their respective sources. While export shipments have remained stable to China, India, Italy, and the United States, many of these countries have excess inventory and are therefore proceeding cautiously with ordering from South Korea. Available finished-product inventories are considered stable because customer orders for products from South Korea were limited at the end of 2025. With the input costs for energy remaining stable and the logistics of bringing in crude oil and LNG remaining secure, production is expected to continue. However, the low level of additional demand from the automotive, industrial hose, and oil-resistant rubber segments of the economy prevents any significant increase in the strength of the overall NBR market.

As of early January xxxx, the South Korean Nitrile Butadiene Rubber (NBR) industry is facing considerable downward pressure due to an oversupply of NBR being manufactured by local manufacturers and the continued, consistent production of NBR from these industries. Additionally, consumer demand for products made with NBR has yet to become robust. As there has been no disruption in the supply chain of raw materials for the manufacturing of NBR in South Korea, the domestic manufacturers have maintained high levels of production capacity. While NBR continues to be exported to China, India, Italy, and the USA, traders in these countries are taking a cautious approach and have stocked sufficient supplies of NBR, therefore adopting a wait-and-see position about additional purchases.

The January x, xxxx, price for NBR xxx-xxx FOB Busan is $x,xxx/MT, and this price is $xx/MT lower than last week’s price of $x,xxx/MT,...

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