In August, the US and Japanese markets experienced price increases for Hydrogenated Nitrile Butadiene Rubber (HNBR), largely driven by rising feedstock costs, particularly Butadiene and Acrylonitrile. In the US, feedstock prices saw notable gains, while strong downstream demand from the automobile and aerospace sectors further bolstered HNBR prices. In Japan, despite a decline in domestic automobile sales and manufacturing challenges, strong overseas demand and rising Butadiene prices, which saw limited correction after a sharp Qx increase and positive overseas market demand, contributed to the surge in HNBR prices.
In the US market, HNBR prices witnessed a marginal price increase this month. This marginal HNBR price rise is majorly attributed to the increase in the price of the feedstock, primarily Butadiene and Acrylonitrile. In the feedstock market, the domestic Acrylonitrile price marked a x.xx increase in August, and Butadiene marked a x.xxx increase. However, in the downstream automobile...
