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As of early January ****, the South Korean Nitrile Butadiene Rubber (NBR) industry is facing considerable downward pressure due to an oversupply of NBR being manufactured by local manufacturers and the continued, consistent production of NBR from these industries. Additionally, consumer demand for products made with NBR has yet to become robust. As there has been no disruption in the supply chain of raw materials for the manufacturing of NBR in South Korea, the domestic manufacturers have maintained high levels of production capacity. While NBR continues to be exported to China, India, Italy, and the USA, traders in these countries are taking a cautious approach and have stocked sufficient supplies of NBR, therefore adopting a wait-and-see position about additional purchases.
The January *, ****, price for NBR ***-*** FOB Busan is $*,***/MT, and this price is $**/MT lower than last week鈥檚 price of $*,***/MT,...
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