Novorossiysk (Russia): The Butyl Rubber MV xx-xx prices experienced an increase in both the US and European markets, primarily driven by heightened demand from the downstream automotive sectors. In contrast, the construction sector saw a declining trend. The rising demand in both domestic and overseas markets led to an increased consumption rate of Butyl Rubber inventories.
In May xxxx, the Russian Butyl Rubber MV xx-xx market saw a x.xx rise, settling at USD xxxx/MT (FOB Novorossiysk), primarily due to increased demand from international markets. Despite this growth, the domestic automotive and construction sectors in Russia experienced a decline. The surge in the Russian Butyl Rubber market was mainly driven by higher exports to China, supported by a new Chinese government policy aimed at boosting the automotive sector, which increased downstream demand. Market activities were initially subdued due to the May Day holidays, leading to a temporary halt...
