In the global market, Neoprene Rubber prices saw a significant decline in October. This drop in the Neoprene Rubber price was primarily driven by a decrease in feedstock costs, especially butadiene, which showed no notable increase during this period. Meanwhile, downstream market demand remained stable without any major fluctuations. Weaker supplier actions, alongside falling freight charges and steady demand, collectively contributed to the overall reduction in Neoprene Rubber prices.
In October, Neoprene Rubber prices in the US market dropped to xxxx USD/MT CFR-Texas. This decline in the Neoprene Rubber price was largely due to reduced feedstock costs, particularly Butadiene, and lower sourcing prices from Japan. The price of Butadiene fell by x.xx during the month. The US manufacturing sector faced its fourth consecutive monthly downturn in October, marked by weaker order books and rising inventory levels, hinting at potential production cuts if demand does not pick up....
