Hamburg, Germany: The European economy has been battered by a challenging macroeconomic environment throughout xxxx. Continuous inflationary pressures and volatile energy costs have taken a toll on the purchasing sentiments of Nitrile Butadiene Rubber end-use industries. The repercussions of weak buying capacities have started to reflect with the onset of xxxx, pressuring the market fundamentals of various commodities, including Nitrile Butadiene Rubber. Germany, Europe&#xx;s largest economy, experienced a deepening economic downturn this month. Although there was a slight improvement in services activity, it was not enough to offset a surprisingly sharp deterioration in manufacturing.
The ChemAnalyst database has shown that the prices of Nitrile Butadiene Rubber have shown an increment of USD xx per ton in the domestic market of Germany this month on a CFR basis. According to market sources, during the low season demand, Nitrile Butadiene Rubber manufacturers have reduced their production...
