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Global Butyl Rubber Market Surges Amidst Demand Growth

Global Butyl Rubber Market Surges Amidst Demand Growth

Rene Swann 04-Apr-2024

Texas, USA: In the global market, the prices of Butyl Rubber MV xx-xx followed an upward trend in March xxxx due to the increase in the purchasing activities from the downstream sectors such as Automotive and Tires. Furthermore, in terms of the upstream market, the prices of Crude Oil also witnessed an inclining pattern this month which resulted in the increased energy cost of the Butyl Rubber MV xx-xx and contributed to the overall incline in the production cost.

In the US market, the Butyl Rubber MV xx-xx experienced an incline of xx.xxx and settled at USD xxxx/MT (FOB-Texas) in March xxxx. The U.S. vehicle sales experienced a x.xx decline compared to the previous month, reaching an annualized rate of xx.x million units. This figure fell short of the consensus forecast, which had anticipated an increase to xx.x million units. However, unadjusted sales volumes totaled x.xx million...

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