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Key Highlights

• Overseas demand from the automotive, industrial, and medical industries remained steady but cost sensitive, noting automotive components in China and India were down *.** YoY and Southeast Asian medical applications were up *.** MoM.聽
• South Korean production was equivalent to export bookings preventing inventory build and operational efficiency.聽
• Feedstock butadiene and acrylonitrile prices were stable, limiting cost push pressures for NBR producers.聽
• Busan port operations were well managed preventing delayed shipments to China, India, Turkey and the USA.聽

Demand-Side Analysis

In the week ending September **, ****, NBR ***-*** FOB Busan demand was stable, with overseas pull from automotive, industrial and medical applications remaining at baseline volumes, almost undoing the previous ** weeks of bearish price trend. Year-On-Year automotive components demand in China and India was down marginally (-*.**) as vehicle output slowed, while medical grade glove and seal applications in Southeast Asia were up moderately (+*.** MoM)...