As of xrd week of July, the global price of Polybutadiene Rubber (PBR) saw a significant increase. This increase in the PBR price is primarily attributed to the rising price of butadiene, driven by suppliers&#xx; actions of accumulating inventories in response to a supply-demand imbalance. The deficit in supply coupled with strong downstream market demand has significantly supported PBR demand, contributing to the price hike. Positive trends in sectors utilizing PBR, such as automotive and manufacturing, have further bolstered its demand, thereby influencing PBR prices globally. The current market dynamics indicate a robust demand for PBR, reflecting optimism and stability in its pricing trend.
In the European market, particularly in Germany, the price of Polybutadiene Rubber (PBR) saw an increase of x.xx as of mid-July. According to Michelin Tire&#xx;s financial report, the tire sell-in markets showed positive growth, though this was tempered by high exports...
