Hamburg (Germany): The prices of Nitrile Butadiene Rubber (NBR) have maintained stagnancy for the past week in the European market. The reduction in procurement from the downstream Automotive Sector has played a significant part in the stalled prices of NBR. The past year has been exceptionally challenging for the NBR market, marked by volatility in energy costs and rising interest rates. Fluctuations in energy prices, particularly in the cost of Butadiene, a key raw material for NBR production, have added to the cost pressures faced by manufacturers. Additionally, the rise in interest rates has increased borrowing costs for businesses, further impacting their profitability and pricing decisions.
According to ChemAnalyst, in the first week of February xxxx, the prices of NBR remained stagnant in Germany, reflecting a subdued market scenario. This lack of movement has been attributed to weak downstream demand, particularly from the automotive sector....
