Jurong, Singapore: Butyl Rubber experienced a bullish trend in the global market in December xxxx. The surge in the demand from the downstream automotive enterprises and insufficient inventory levels resulted in an upward price trend. Furthermore, due to the disturbance in the supply and demand equilibrium, the market players tried to benefit from the bullish market situation of Butyl Rubber by raising their ex-quotation to enhance their profit margins along with sales.
In the Singapore market, the upswing in prices of Butyl Rubber was a consequence of heightened demand from downstream automotive sectors and inadequate inventory levels. Additionally, as market players eagerly respond to the increasing demand by introducing enhanced electric vehicles (EVs), a significant obstacle they encounter is the elevated cost and restricted range of these vehicles. The Singapore Institute of Purchasing & Materials Management (SIPMM) reported a slight increase in the Singapore...
