In April xxxx, the US and Russia showcased a mixed performance in the butyl rubber market. The butyl rubber market in the US witnessed a continued bearishness in its trend amid the disruption between supply and demand. However, the butyl rubber market in Russia witnessed bullishness in its trend due to an incline in the demand for the commodity from the downstream automotive sector.
This month as well the US butyl rubber market remained bearish with a decline of x.xx and the prices of the commodity further fell to USD xxxx/MT (FOB-Texas). The bearishness in the market sentiments of the commodity was witnessed due to the combination of several factors. Primarily, due to a decrease of x.xxx in the feedstock isobutylene market, the production costs of butyl rubber witnessed a decline. Furthermore, the demand for butyl rubber from the domestic downstream...
