For the Quarter Ending September 2025
North America
• In the USA, the Nitrile Butadiene Rubber Price Index fell by 15.31% quarter-over-quarter, citing oversupply.
• The average Nitrile Butadiene Rubber price for the quarter was approximately USD 2432.67/MT as reported.
• High import volumes and easing freight lowered the Nitrile Butadiene Rubber Spot Price, pressuring margins.
• Analysts adjusted Nitrile Butadiene Rubber Price Forecast downward reflecting sustained inventory accumulation and weak orders.
• Stable butadiene and acrylonitrile feedstocks limited cost push, influencing Nitrile Butadiene Rubber Production Cost Trend.
• Substitution by EPDM and silicone constrained demand, shaping the Nitrile Butadiene Rubber Demand Outlook near-term.
• Large inventories at distributors and importers reinforced downward momentum in Nitrile Butadiene Rubber Price Index.
• Domestic automotive slowdowns reduced offtake, while some producers maintained operations to manage long-term contract obligations.
Why did the price of Nitrile Butadiene Rubber change in September 2025 in North America?
• Abundant Asian imports and elevated inventories pressured local supply, overwhelming moderated downstream consumption in September.
• Flat feedstock pricing limited upward cost push, removing a catalyst for Nitrile Butadiene Rubber recovery.
• Improved port operations and easing freight facilitated arrivals, sustaining supply despite tempered domestic automotive demand.
APAC
• In Japan, the Nitrile Butadiene Rubber Price Index fell by 6.071% quarter-over-quarter, reflecting weak demand.
• The average Nitrile Butadiene Rubber price for the quarter was approximately USD 1990.67/MT, Osaka FOB.
• Nitrile Butadiene Rubber Spot Price tightened after maintenance reduced spot availability and curtailed export parcels.
• Nitrile Butadiene Rubber Price Forecast suggests modest firmness as producers manage allocations amid international inquiries.
• Nitrile Butadiene Rubber Production Cost Trend balanced; opposing butadiene and acrylonitrile moves limited cost pressure.
• Nitrile Butadiene Rubber Demand Outlook remains muted with automotive and industrial buyers de-stocking, delaying purchases.
• Nitrile Butadiene Rubber Price Index found support from constrained supply, but regional oversupply capped gains.
• Inventory accumulation pressured FOB Osaka sellers competitive offers, constraining Nitrile Butadiene Rubber Price Index upside.
Why did the price of Nitrile Butadiene Rubber change in September 2025 in APAC?
• Maintenance-related run-rate cuts tightened available supply, supporting short-term prices despite weak end-user orders in September.
• Elevated inventories and competitive Asian offers pressured FOB Osaka, limiting pass-through of feedstock cost increases.
• Muted international automotive demand and cautious buyers led to de-stocking, reducing spot procurement APAC markets.
Europe
• In France, the Nitrile Butadiene Rubber Price Index rose by 0.96% quarter-over-quarter, driven by exports.
• The average Nitrile Butadiene Rubber price for the quarter was approximately USD 2464.00/MT, reported in Marseille.
• Nitrile Butadiene Rubber Spot Price tightened for medium grades, lifting seller confidence and firming offers.
• Nitrile Butadiene Rubber Price Forecast expects constrained upside as export demand and logistics stay uneven.
• Nitrile Butadiene Rubber Production Cost Trend stayed subdued as acrylonitrile remained stable and butadiene eased.
• Nitrile Butadiene Rubber Demand Outlook remains cautious as automotive and industrial restocking stay broadly subdued.
• Nitrile Butadiene Rubber Price Index showed elevated terminal inventories, constraining seller leverage despite steady exports.
• Nitrile Butadiene Rubber Price Index movements affected by ports, strike risks, and transatlantic freight competitiveness.
Why did the price of Nitrile Butadiene Rubber change in September 2025 in Europe?
• Export demand firming to Germany and USA tightened availability, supporting upward pressure on FOB prices.
• Stable feedstock costs and slight butadiene easing kept production costs contained, limiting significant price depreciation.
• Logistics disruptions and strike actions intermittently constrained loadings, creating localized tightness and supporting seller discipline.
For the Quarter Ending June 2025
North America
• In Q2 2025, the Nitrile Butadiene Rubber (NBR) Price Index consistently downtrend, finishing at USD 1,610/tonne CFR Los Angeles, represented a sequential decrease on levels around USD 1,700/tonne in early April.
• Price weakness was attributed to the slow automotive sector, weak replacement tire sales and rising domestic inventories from excess imports from Asia and Mexico.
• Why did the price of Nitrile Butadiene Rubber (NBR) change in July 2025?
The price decreased further in July due to persistently weak OEM demand and elevated stock levels, despite stable upstream costs and modest recovery in acrylonitrile feedstock pricing.
• Freight rate volatility was notable, with USWC–Asia rates falling to USD 2,187/FEU, supporting competitively priced imports and adding pressure on local producers.
• Nitrile Butadiene Rubber (NBR) Demand Outlook for Q3 remains subdued, with no substantial recovery anticipated in U.S. vehicle production amid macroeconomic headwinds.
• Nitrile Butadiene Rubber (NBR) Production Cost Trend was steady to slightly lower, with acrylonitrile prices rising in June while Butadiene remained flat to weak.
• Margin pressures persisted with local producers due to higher input costs and weakening downstream offtake.
• Nitrile Butadiene Rubber (NBR) Price Forecast for Q3 indicates further bearish sentiment unless automotive demand revives or inventories clear meaningfully.
Europe
• The Nitrile Butadiene Rubber (NBR) Price Index on FOB Marseille declined across Q2 2025, falling from USD 1,810/tonne in early April to USD 1,740/tonne by late June, reflecting a cumulative decline of 3.9%.
• Key factors driving this trend included a continued slump in automotive production across France, Germany, and the UK, and reduced exports due to U.S. tariff pressures.
• Why did the price of Nitrile Butadiene Rubber (NBR) change in July 2025?
Prices fell in early July as OEM tire manufacturers cut production schedules, and downstream demand remained weak, particularly in France where April vehicle sales declined by 5.6% YoY.
• Inventory levels remained high across major European ports, with port-side traders limiting fresh procurement amid soft demand.
• Freight rates on the Asia–Europe Lane dropped, reducing landed cost for importers but offering little pricing power to regional producers.
• The Nitrile Butadiene Rubber (NBR) Production Cost Trend was neutral to slightly favorable due to declining butadiene prices, though acrylonitrile firmed late in the quarter.
• Nitrile Butadiene Rubber (NBR) Demand Outlook for Q3 is weak; European tire and industrial manufacturers remain cautious due to inflation and high financing costs.
• The Nitrile Butadiene Rubber (NBR) Price Forecast for Q3 is slightly bearish, barring a demand spike or upstream disruption.
APAC
• The Nitrile Butadiene Rubber (NBR) Price Index on a CFR Sorong basis fell sharply across Q2 2025, dropping from USD 2,580/tonne in early April to USD 2,280/tonne by late June, a quarterly decline of 11.6%.
• Overcapacity from Japan and South Korea, along with weak downstream tire demand in Southeast Asia, drove aggressive price competition.
• Why did the price of Nitrile Butadiene Rubber (NBR) change in July 2025?
July prices continued to decline amid elevated stock levels, poor automotive demand, and a deflationary environment in Indonesia.
• Spot price pressure intensified as Indonesian and Malaysian traders absorbed discounted Korean cargoes, worsening margin conditions.
• Daihatsu, one of Indonesia’s largest car brands, reported a 32% drop in April sales, and the Consumer Confidence Index slipped further, signaling persistent demand weakness.
• Freight rates into Southeast Asia eased, particularly Asia–US and intra-Asia lanes, reducing delivered cost but exacerbating supply imbalances.
• The Nitrile Butadiene Rubber (NBR) Production Cost Trend was mixed: butadiene weakened, while acrylonitrile saw late-Q2 cost firmness.
• Nitrile Butadiene Rubber (NBR) Demand Outlook for Q3 is bearish, with downstream consumption unlikely to recover meaningfully.
• The Nitrile Butadiene Rubber (NBR) Price Forecast suggests a further downside, especially if regional exports remain aggressive and consumer sentiment remains muted.
For the Quarter Ending March 2025
North America
• The Nitrile Butadiene Rubber (NBR) Price Index in North America showed a fluctuated by 0.04% in Q1 2025.
• January recorded price stability, driven by normal domestic plant operations and cautious demand, with limited stockpiling from buyers.
• In February, the NBR Price Index increased due to supply constraints, rising feedstock costs, and a gradual rebound in the automotive sector—supporting the overall Nitrile Butadiene Rubber (NBR) Demand Outlook.
• The Nitrile Butadiene Rubber (NBR) Production Cost Trend rose due to higher raw material and transportation expenses.
• However, by March, prices declined as oversupply and subdued demand weighed down the market, especially with synthetic rubber plants underperforming—pressuring suppliers into price competition.
Why did the price of NBR change in April 2025 in the US?
The NBR Price Index slightly decreased by 4.9% due to persistent oversupply and soft buyer sentiment, with manufacturers prioritizing short-term needs.
• Nitrile Butadiene Rubber (NBR) Spot Price movement remained under pressure due to weak demand momentum and cautious procurement practices.
• The Nitrile Butadiene Rubber (NBR) Price Forecast for Q2 suggests continued moderate pricing pressure, pending stabilization of inventory levels and stronger downstream signals.
APAC
• The Nitrile Butadiene Rubber (NBR) Price Index in APAC showed high volatility in Q1 2025, influenced by both macroeconomic and feedstock cost dynamics.
• January saw a weak start, with low demand and high Butadiene input costs driving cautious procurement. This reflected a bearish Nitrile Butadiene Rubber (NBR) Demand Outlook.
• February marked a slight uptick in prices as automotive sector recovery and logistical delays supported price adjustments, even as production remained limited.
• The Nitrile Butadiene Rubber (NBR) Production Cost Trend remained elevated due to sustained feedstock costs and transportation inefficiencies.
• By March, prices declined again due to oversupply and stagnant buyer sentiment despite signs of improvement in automotive sales.
Why did the price of NBR change in April 2025 in Asia?
• The NBR Price Index declined sharply by 6.6% in April as stockpiles continued to outpace demand, and regional currencies showed slight appreciation, affecting export competitiveness. During April 2025, the price of NBR settled at USD 2165/MT on an Ex- Shanghai.
• Nitrile Butadiene Rubber (NBR) Spot Price faced resistance from buyers unwilling to commit amid uncertain demand forecasts.
• The Nitrile Butadiene Rubber (NBR) Price Forecast for Q2 indicates cautious pricing amidst improving domestic demand and anticipated inventory corrections.
Europe
• The European Nitrile Butadiene Rubber (NBR) Price Index reflected notable fluctuations through Q1 2025, largely shaped by input costs and industrial consumption.
• January saw limited demand and high Butadiene costs, hindering new orders—painting a dim Nitrile Butadiene Rubber (NBR) Demand Outlook.
• In February, prices rose modestly as domestic producers operated at steady capacity levels and vehicle production offered minor demand support.
• The Nitrile Butadiene Rubber (NBR) Production Cost Trend remained high due to elevated feedstock and energy costs, despite partial downstream recovery.
• March saw a bearish reversal in the Price Index due to inventory surplus, reduced auto sales, and contracting trade volumes.
Why did the price of NBR change in April 2025 in Europe?
• The NBR Price Index fell by 3.9% in April due to continued high inventories, sluggish downstream orders, and strategic discounting by suppliers.
• Nitrile Butadiene Rubber (NBR) Spot Price trends indicated supplier competition in a market weighed down by overcapacity and limited exports.
• The Nitrile Butadiene Rubber (NBR) Price Forecast for the upcoming quarter suggests continued price softness unless automotive and industrial orders rebound significantly.
For the Quarter Ending December 2024
North America
In Q4 2024, the NBR market in the North American region, particularly the USA, saw significant price volatility. The quarter began with a surge in NBR prices due to strong demand from the automotive sector, fueled by robust sales and limited production capacity. This occurred despite lower crude oil and butadiene costs, highlighting the strength of the demand-side pressure. Rising acrylonitrile (ACN) prices in key importing countries further supported price increases.
However, as the year progressed into November and December, the market shifted. A seasonal slowdown, coupled with reduced procurement and destocking activities, led to oversupply and a decrease in prices. Several manufacturers even scheduled plant shutdowns to manage excess inventory. While some price recovery occurred in late December due to inventory depletion, the overall trend reflected a significant price swing.
The automotive sector’s performance played a crucial role, initially boosting demand and prices. Fluctuations in ACN and butadiene costs also contributed to the volatility. Seasonal factors and destocking activities further shaped the market dynamics.
Market participants faced a volatile pricing environment, impacting both producers and buyers. Producers struggled with capacity constraints and pricing uncertainty. Buyers experienced fluctuating costs, making it challenging to manage budgets and project pricing. The quarter ended with NBR 41%-66% priced at USD 3230/MT CFR Los Angeles.
APAC
The APAC NBR market, particularly in South Korea, experienced price volatility in Q4 2024, driven by fluctuating demand and supply dynamics.
October saw a price increase despite lower crude oil and butadiene costs, primarily due to strong automotive demand in South Korea, limited production capacity, and rising acrylonitrile (ACN) prices. This positive trend reversed in November, with prices declining due to a seasonal slowdown, weaker consumer confidence, decreased automotive sales, and a bearish butadiene market. December saw prices stabilize, with normal plant operations but limited demand and rising butadiene costs resulting in moderate trading and tight supply for some brands. The overall market reflected a cautious outlook for the coming year.
The automotive sector's performance significantly influenced NBR prices, with strong sales in October and weaker sales in November affecting demand. Fluctuations in ACN and butadiene costs, seasonal factors, and inventory levels all played a role in shaping market dynamics.
Market participants faced uncertainty due to fluctuating demand and prices. Producers navigated capacity constraints and volatile costs. Buyers dealt with unpredictable pricing, impacting budgeting and planning. The interplay between global and regional factors added complexity. The quarter ended with NBR 33%-38% FOB Busan priced at USD 2120/MT FOB Busan.
Europe
The European NBR market, particularly in Germany, experienced fluctuating prices in Q4 2024, driven by competing forces of supply and demand, mirroring global trends.
The quarter began with a price increase in October, despite lower crude oil and butadiene costs. This was fueled by strong automotive demand in Germany, limited production capacity, and rising acrylonitrile (ACN) prices in key exporting countries like South Korea and Japan. However, this bullish trend reversed in November as the automotive sector's growth slowed, and a seasonal slowdown led to higher inventories and reduced trading activity. This resulted in lower prices despite rising ACN costs. December saw prices stabilize, impacted by ongoing sluggish demand, normal plant operations, and rising butadiene costs, leading to moderate trading.
The automotive sector’s performance played a crucial role, with initial strong demand driving October's price increase and subsequent slowdown contributing to the November decline. Fluctuations in ACN and butadiene costs also significantly influenced prices, while seasonal factors affected inventory levels and trading activity.
Market participants faced significant uncertainty. Producers dealt with fluctuating demand and pricing, while buyers struggled with volatile costs and inventory management. The interplay of global and regional factors, particularly the impact of Asian markets on supply and pricing, added to the challenges. The quarter concluded with NBR 18%-40% priced at USD 2470/MT CFR Hamburg.
