Hamburg, Germany: In November xxxx, both the US and German Isobutylene markets maintained a bearish trend. This was primarily driven by a reduction in production costs due to lower upstream Crude Oil prices. Additionally, ongoing efforts to destock accumulated inventories ahead of the year-end further reinforced the bearish market sentiment for Isobutylene.
In November xxxx, the Isobutylene market in Germany experienced a x.xx decline, with prices settling at USD xxxx/MT (FD-Hamburg). This decline was influenced by the ongoing destocking efforts. The Butyl Rubber and Lubricants sectors showed mixed performance, with Butyl Rubber seeing steady growth due to a x.xx month-on-month increase in automotive sales, although overall new passenger car registrations were down x.xx from the previous year. Despite improvements in the automotive segment, high inventory levels and declining demand from the Lubricant sector kept Isobutylene demand subdued. Furthermore, the suppliers鈥� destocking efforts led to slower new business...
