During December xxxx, the Butyl Rubber market in the US continued to showcase bearish trend amid the combination of destocking pressures and weakened demand from key end-use sectors creating a perfect storm for the Butyl Rubber market. The increased production costs of Butyl Rubber stemming from higher Isobutylene prices had little impact on market sentiment, as the primary focus remained on clearing inventories.
The US Butyl Rubber market experienced a significant downturn in December xxxx, with prices for Butyl Rubber MV xx-xx declining by xx. This bearish trend of Butyl Rubber was primarily driven by aggressive destocking activities by market players seeking to clear inventories before the year&#xx;s end. This widespread effort to reduce the existing stock of Butyl Rubber overshadowed the impact of rising production costs due to increased prices of the feedstock Isobutylene.
The destocking phenomenon was compounded by broader economic factors impacting...
