In December xxxx, Neoprene Rubber experienced a bearish trend globally, primarily driven by the advantageous pricing of core feedstocks, notably Natural Gas and Crude Oil. The market downturn is a result of a combination of factors, including varied demand from the downstream sector and ample inventories held by key producers. The favorable cost dynamics of essential raw materials contribute to the downward pressure on Neoprene Rubber prices in the global market.
In European market during December xxxx, Neoprene Rubber prices in Germany, a significant player in the European market, saw a decline of x.xxx FOB-Hamburg. This drop in the price of Neoprene Rubber was influenced by the advantageous pricing of Natural Gas, a crucial feedstock in the production process. However, challenges arose in the automotive sector, evidenced by a notable year-on-year decrease of xxx in new car registrations during December. This decline, along with...
