For the Quarter Ending September 2025
North America
• In the USA, the Halo Butyl Rubber Price Index fell by 4.47% quarter-over-quarter, easing costs.
• The average Halo Butyl Rubber price for the quarter was approximately USD 2285.67/MT on BIIR DEL Texas basis.
• Halo Butyl Rubber Spot Price remained range-bound amid balanced domestic demand and cautious export buying.
• Halo Butyl Rubber Production Cost Trend softened as feedstock isobutylene and upstream crude oil prices eased, lowering production costs.
• Halo Butyl Rubber Demand Outlook remains stable, supported by sustaining consumption of end-use materials in the automotive and construction sectors.
• Halo Butyl Rubber Price Forecast signals modest near-term volatility from logistics related risks and scheduled maintenance.
• Halo Butyl Rubber Price Index movements reflected inventories, export softness, tariff-related trade frictions constraining flows.
• Halo Butyl Rubber production remained moderate with operating rates and limited feedstock disruptions.
Why did the price of Halo Butyl Rubber change in September 2025 in North America?
• Eased crude oil reduced isobutylene costs, lowering production expenses, and exerting downward pressure on prices.
• Stable automotive and construction offtake-maintained demand equilibrium, preventing larger price declines despite cost easing.
• Seasonal logistics, softer export demand, and tariff-related trade frictions constrained outlets, moderating price recovery.
APAC
• In Japan, the Halo Butyl Rubber Price Index fell by 3.54% quarter-over-quarter, reflecting steady inventory levels and subdued offtake.
• The average Halo Butyl Rubber price for the quarter was approximately USD 2852.67/MT reported CIIR Tokyo basis.
• Halo Butyl Rubber Spot Price remained pressured by decrease in production costs driven by easing feedstock isobutylene costs despite steady offtakes of end-use materials from the automotive and construction sectors.
• Halo Butyl Rubber Price Forecast shows modest volatility, with limited upside due to balanced supply and cautious buying.
• Halo Butyl Rubber Production Cost Trend eased as crude oil softened, reducing feedstock cost support for CIIR producers.
• Halo Butyl Rubber Demand Outlook remains steady supported by NEV-driven tire production and ongoing construction projects across APAC.
• Inventory and export dynamics tightened regional availability, with Halo Butyl Rubber Price Index reflecting muted upward pressure.
• Logistics constraints and seasonal typhoon risks elevated freight and supply disruption concerns for Halo Butyl Rubber shipments.
Why did the price of Halo Butyl Rubber change in September 2025 in APAC?
• Ease in crude oil reduced feedstock isobutylene costs, lowering production cost support and pressuring domestic prices in September.
• Steady automotive and construction demand partially offset weakness, maintaining balanced supply and demand dynamics locally.
• Port congestion, Red Sea rerouting, and higher freight rates constrained timely shipments, affecting market availability and pricing.
Europe
• In France, the Halo Butyl Rubber Price Index fell by 8.54% quarter-over-quarter, reflecting weaker demand and lower feedstock costs.
• The average Halo Butyl Rubber price for the quarter was approximately USD 2842.67/MT, supported by stable demand.
• Halo Butyl Rubber Spot Price weakened during September as regional supplier quotations eased amid ample inventories.
• Halo Butyl Rubber Price Forecast for Q4 anticipates modest recovery dependent on shutdowns and logistical normalization.
• Halo Butyl Rubber Production Cost Trend fell as feedstock isobutylene softened following easing crude oil prices.
• Halo Butyl Rubber Demand Outlook remains stable due to steady automotive inner liner and construction-related consumption.
• Halo Butyl Rubber Price Index showed volatility amid mixed logistical headwinds and supplier discounting in September.
• Balanced inventories and weaker demand from buyers pressured offers while major European producers operated normal rates.
Why did the price of Halo Butyl Rubber change in September 2025 in Europe?
• Supply eased as regional suppliers cut quotations amid ample inventories and muted buyer offtake.
• Feedstock isobutylene softened with lower crude oil, reducing production cost support and pressuring offers downward.
• Logistics disruptions and higher inland freight increased delivered costs, partially offsetting feedstock-driven downward price pressure.
For the Quarter Ending June 2025
Asia-Pacific (APAC)
• Halo Butyl Rubber Price Index in APAC declined by 0.6% quarter-on-quarter, settling at USD 2,890/MT FOB Tokyo by the end of June 2025. The price saw a mild decrease of 0.7% in April, followed by further declines of 1.5% in May and 2.7% in June, driven by weakening crude oil prices, modest demand from downstream sectors, and logistical headwinds. Despite steady production backed by ample Isobutylene feedstock, the subdued automotive sector and intermittent construction demand weighed on overall procurement momentum.
• Why did the price of Halo Butyl Rubber change in July 2025 in APAC?
• In early July 2025, prices held steady amid stable demand from automotive producers and easing upstream costs. The ceasefire between Israel and Iran softened crude oil values, lowering production costs. Despite port congestion and inland logistics challenges, strong NEV output in China and Southeast Asia provided a cushion to overall pricing.
• The Halo Butyl Rubber Price Forecast for early Q3 2025 suggests a rangebound to mildly bullish trajectory, as automotive-grade rubber demand remains resilient and supply-chain issues persist. Freight volatility, container shortages, and cautious restocking will be key factors shaping pricing trends.
• The Halo Butyl Rubber Production Cost Trend remained pressured through Q2, reflecting oscillations in crude oil linked to geopolitical events and OPEC+ output fluctuations. While the ceasefire eased cost burdens temporarily, port rerouting and inland freight delays elevated logistical expenses, squeezing margins.
• Halo Butyl Rubber Demand Outlook remained stable across core segments. NEV and hybrid vehicle manufacturing sustained steady demand in key economies, while infrastructure activity in China, India, and Southeast Asia drove niche consumption. However, high vehicle prices and tight project financing restricted aggressive procurement.
• Asia’s export performance in Q2 2025 was mixed. While shipments to North America and Southeast Asia improved in June due to front-loading, the region contended with port congestion, labor disruptions, and rerouting pressures from Red Sea and Hormuz tensions. This strained delivery timelines and logistics costs.
• Domestic consumption in markets like China and India remained firm, particularly for automotive components like tire inner liners and gaskets. Construction sector offtake was modest but consistent, backed by infrastructure demand and waterproofing material applications, even as Japan and South Korea faced demographic and labor constraints.
North America
• Halo Butyl Rubber (BIIR) Price Index in North America declined by 1.3% quarter-on-quarter, April and May saw downward momentum as demand weakened in the automotive sector, compounded by tariff-led trade disruptions, and rising logistical costs. June showed price stabilization, as consistent supply and improved automotive and construction activity helped balance market fundamentals.
• In early July 2025, the Price Index for BIIR remained steady at USD 2418/MT FOB Texas. The stability was underpinned by balanced demand from the tire and construction sectors, even as feedstock Isobutylene costs fell in response to a drop in upstream crude oil prices following easing geopolitical tensions. The ceasefire between Israel and Iran notably removed risk premiums from oil markets, softening input costs.
• According to the Halo Butyl Rubber Price Forecast, prices are likely to remain stable through mid-Q3 2025. However, upward pressure may emerge if supply tightens due to further logistical bottlenecks, seasonal disruptions, or renewed tariff escalations impacting raw material or finished goods flow.
• The Halo Butyl Rubber Production Cost Trend showed a slight downward shift over the quarter, supported by declining crude oil prices and steady Isobutylene availability. However, persistent freight volatility, port congestion, and trade policy uncertainty added complexity to production planning and inventory management, especially with hurricane season stockpiling and Red Sea-related shipping challenges in play.
• The Halo Butyl Rubber Demand Outlook was sectorally mixed but stable overall during Q2 2025. While automotive manufacturing dipped in early Q2, it rebounded by June amid rising EV and light truck production. The construction sector remained resilient, driven by infrastructure investments and durable material demand for roofing, sealants, and insulation, offsetting slower residential completions.
• Imports and Exports of Halo Butyl Rubber fluctuated modestly over the quarter. The reintroduction of Trump-era tariffs and removal of de minimis exemptions strained trade with Canada, Mexico, and Asia, disrupting traditional supply routes. Meanwhile, domestic digital logistics tools and warehousing strategies supported continuity in supply despite global trade volatility.
• Global Trade Outlook: Asian and European producers operated at stable capacities, but their exports to North America were constrained by policy-driven trade shifts and rising shipping costs. Although bulk trade in chemical commodities continued, the Liberation Day tariff regime led to shifts in supplier preference, with buyers reevaluating cost structures and sourcing strategies.
Europe
• Halo Butyl Rubber (CIIR) prices in Europe recorded a quarterly decline of approximately 2.1% in Q2 2025, amid persistent logistical disruptions and shifting demand patterns. CFR Hamburg quotations began the quarter around USD 2953/MT in early April, climbed marginally to USD 2977/MT in late April (+0.8%), but fell by mid-May and further dropped to USD 2710/MT by late June (1.8% in May, 6.5% in June). This downward trajectory was shaped by easing feedstock Isobutylene costs, disrupted port activity, and weak demand from the construction sector. Although automotive end-use demand remained resilient—especially from EV manufacturing—the overall market sentiment stayed subdued due to inflationary pressure and logistical bottlenecks across Northern Europe.
• In early July 2025, Halo Butyl Rubber prices in Europe remained unchanged, reflecting stable demand-supply fundamentals. Demand held steady from the automotive sector, especially for tire inner liners and sealing systems used in electric and hybrid vehicles. Meanwhile, feedstock Isobutylene prices softened as upstream Brent Crude Oil prices declined following a ceasefire between Israel and Iran. The easing of geopolitical tensions reduced the risk premium in energy markets, contributing to lower input costs. However, logistics continued to face strain from labor shortages, port strikes, and inland freight disruptions, impeding supply chains.
• The Halo Butyl Rubber Price Forecast for early Q3 2025 indicates a cautiously stable-to-soft trend, contingent upon sustained automotive sector demand and the resolution of inland and maritime shipping issues. Weakness in construction, especially in the residential segment across Germany and France, may limit any significant price recovery, although stable procurement from infrastructure projects and aftermarket segments could provide a partial offset.
• Halo Butyl Rubber Production Cost Trends remained mixed across Q2. Lower upstream crude oil prices, driven by increased OPEC+ output and reduced geopolitical tensions, provided cost relief. Nevertheless, these gains were partly offset by higher logistics and compliance-related expenses. Toll adjustments in Denmark and CO2-based freight surcharges in the Netherlands inflated inland shipping costs, while port congestion in Rotterdam, Hamburg, and Bremerhaven extended delivery timelines and constrained freight capacity.
• The Halo Butyl Rubber Demand Outlook showed relative stability, supported by durable consumption in the automotive industry despite overall vehicle sales dropping 6% year-on-year in June. EV and hybrid vehicle production drove steady procurement of rubber components, including inner liners and seals. On the other hand, the construction sector remained sluggish, with high interest rates and declining residential building activity curbing demand for CIIR in roofing and sealing applications. Public infrastructure maintenance and retrofitting projects offered some support but were insufficient to drive significant volume growth.
• European imports and exports of CIIR continued to face bottlenecks due to trade and transport disruptions. Labor strikes, workforce shortages, and low water levels on the Rhine River hindered both seaborne and inland freight, leading to delayed shipments and inventory buildups. Rail logistics also encountered setbacks from infrastructure upgrades, contributing to higher delivery costs and less reliable supply timelines across Europe.
• Regional demand dynamics remained fragmented. While Germany and France experienced soft consumption due to declining construction activity and weak consumer sentiment, markets in Belgium, Eastern Europe, and Italy demonstrated firmer offtakes. Demand for CIIR in insulation materials, tire production, and aftermarket vehicle parts helped stabilize consumption in these regions, offering mild support against broader macroeconomic pressures.
For the Quarter Ending March 2025
North America
• The Halo Butyl Rubber Spot Price in North America showed a marginal increase early in Q1 2025, followed by a declining trend by March, as reflected in the Price Index.
• In January, the Price Index was pressured by moderate material availability and weak global export rates, especially to Europe and Australia.
• The Halo Butyl Rubber Production Cost Trend rose due to steady feedstock Isobutylene supply and higher energy costs linked to crude oil prices.
• February saw increased upstream cost support and tighter feedstock availability, which briefly pushed the Price Index higher.
• New tariffs on imports contributed to production cost escalation, adding further upward pressure on pricing.
• In March, despite cost-side pressures, the Halo Butyl Rubber Demand Outlook remained moderate, with slight recovery in the automotive sector, supported by increased EV registrations.
Why did the price of Halo Butyl Rubber change in April 2025 in the US?
• In April 2025, the Halo Butyl Rubber Price Index stable due to easing supply constraints and limited growth in downstream demand despite prior cost escalations. The price of Halo Butyl Rubber settled at USD 2578/MT on a FOB Texas.
• The Halo Butyl Rubber Price Forecast for the upcoming quarter anticipates stable-to-soft pricing as demand remains moderate and inventories balance out.
APAC
• In Q1 2025, the Halo Butyl Rubber Spot Price in the APAC region saw a mild increase initially, then trended downward by March, marking volatility in the Price Index.
• January’s decline in the Price Index was driven by weak demand from the tire and rubber components sector, primarily due to challenges in the automotive industry.
• Feedstock costs stayed firm due to high crude oil prices, but limited demand caused downward pressure on prices.
• February recorded a temporary recovery in the Price Index due to increased freight charges for Isobutylene and tighter feedstock availability.
• Thailand’s imports of Halo Butyl Rubber decreased in March due to tariff concerns, which further reduced supply.
• Despite declining automotive production and exports, the construction sector's strong public investment boosted Halo Butyl Rubber Demand Outlook for adhesives and sealants.
Why did the price of Halo Butyl Rubber change in April 2025 in the APAC?
• In April 2025, the Halo Butyl Rubber Price Index remained stable to slight increase trend due to the moderate orders from the downstream automotive and construction sectors. The price of Halo Butyl Rubber settled at USD 2938/MT on a CFR Shanghai.
• The Halo Butyl Rubber Price Forecast indicates mild softness unless demand rebounds in the tire and automotive industries.
Europe
• The Halo Butyl Rubber Spot Price in Europe experienced an early surge in Q1 2025, followed by a decline, which was reflected in a fluctuating Price Index.
• January saw a price dip due to increased inventory levels and reduced offtakes from construction and automotive sectors after year-end stocking.
• February marked a rebound in the Price Index, driven by rising input costs and increased freight rates for Isobutylene.
• The Halo Butyl Rubber Production Cost Trend rose as freight surcharges inflated upstream costs, impacting import prices in Germany.
• Improved automotive sales in Western Europe (PV selling rate rising from 11.6 to 12.6 million units/year) offered slight support to the Halo Butyl Rubber Demand Outlook.
• Severe weather and port strikes in Rotterdam and Le Havre disrupted logistics in March, further complicating supply and raising costs.
Why did the price of Halo Butyl Rubber change in April 2025 in the Europe?
• In April 2025, the Halo Butyl Rubber Price Index stable due to normalization in port operations and subdued growth in demand despite earlier cost escalations. The price of Halo Butyl Rubber settled at USD 3343/MT on an FD Hamburg.
• The Halo Butyl Rubber Price Forecast for Q2 points to stabilization, provided logistical issues remain under control and automotive demand picks up.
For the Quarter Ending December 2024
North America
In the fourth quarter of 2024, the Halo Butyl Rubber (HBR) market experienced a slight 1% increase compared to the previous quarter. Production rates remained stable, supported by moderate availability of feedstock Isobutylene, while fluctuations in crude oil prices impacted production costs. Demand from the automotive sector remained robust, with increased vehicle sales driving higher demand for HBR in tire, tube, and automotive parts. The construction sector saw more mixed trends, with demand for HBR in adhesives and sealants showing modest growth, especially in highway and educational projects.
However, export demand weakened, particularly from Europe and Australia, due to softening global markets and supply chain disruptions. Despite these challenges, steady consumption of HBR in automotive and industrial applications helped stabilize the market.
Towards the end of the quarter, energy costs increased, placing upward pressure on production costs, but the impact was somewhat offset by moderate feedstock availability. In general, while global demand faced some slowdowns, the resilience in key sectors like automotive and adhesives led to a 1% overall increase in HBR activity, reflecting a balanced market with mixed demand dynamics.
APAC
In the fourth quarter of 2024, the Halo Butyl Rubber (HBR) market experienced a slight increase in demand, driven primarily by strong performance in the construction sector. Production levels remained steady, supported by moderate availability of feedstock Isobutylene, despite disruptions caused by Typhoon Kong-Rey. The construction sector in Japan saw a significant rise in orders, contributing to higher consumption of HBR in various applications. However, the automotive sector faced a decline in demand, with lower vehicle sales and reduced orders for HBR in automotive parts and tires. Exports from Japan showed growth, especially in chipmaking equipment, and there was moderate demand for HBR in other industries, such as paints and coatings, driven by regional expansion in Asia. The overall market remained stable, although demand in the automotive sector continued to weaken. Throughout the quarter, the market was characterized by steady production and moderate feedstock availability, while strong performance in the construction sector offset some of the softness in automotive applications. Overall, the market saw a modest uptick in activity, with demand for HBR supported by growing construction and coatings sectors.
Europe
In the fourth quarter of 2024, the Halo Butyl Rubber (HBR) market experienced a modest overall increase in activity, with a 4% rise from the previous quarter. Despite ongoing challenges in the European market, including continued manufacturing contractions and subdued demand in the construction sector, several factors supported this growth. Production rates remained steady, aided by moderate availability of feedstock Isobutylene and a slight decline in Isobutylene prices, which helped stabilize production costs. The automotive sector saw stable demand, although sales of domestic vehicles showed a decline, reflecting broader economic pressures. Export activity faced constraints due to reduced shipping capacity, tight space availability in Northern Europe, and logistical delays. However, regional inventories remained relatively high, with manufacturers adjusting their supply chains accordingly. The construction sector continued to experience a downturn, but demand for HBR in adhesives and sealants remained moderate despite the economic challenges. Throughout the quarter, cost pressures eased slightly with falling input prices, while the rise in energy costs and supply chain disruptions impacted the overall market dynamics. Despite the mixed demand across sectors, the European market saw some stability in production and moderate demand from automotive and industrial sectors, contributing to the 4% increase in HBR market activity compared to the previous quarter.
