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US Butyl Rubber Market Witnesses Upsurge Amid Mixed Downstream Demand

US Butyl Rubber Market Witnesses Upsurge Amid Mixed Downstream Demand

Jacob Kutchne 07-Oct-2024

Texas, USA: In September xxxx, the US Butyl Rubber MV xx-xx market experienced an upward trend, driven by an imbalance between supply and demand. A significant factor contributing to this rise was the surge in demand for Butyl Rubber MV xx-xx from the downstream pharmaceutical sector. This growing demand for pharmaceuticals helped buoy the market. However, the automotive sector, another key downstream consumer of Butyl Rubber for tire production and inner tubes, witnessed a decline in activity during the same period, likely due to weaker market conditions in the automotive industry, further disrupting the supply-demand dynamics in the Butyl Rubber MV xx-xx market.

In September xxxx, the US Butyl Rubber MV xx-xx market showcased a price increase of x.xxx, reaching USD xxxx/MT (FOB-Texas). This rise was driven by a combination of factors, including disruptions from the ongoing hurricane season, which affected the supply chain of Butyl Rubber...

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