Butyl Rubber Price Trend and Forecast

Butyl Rubber Regional Price Overview

Get the latest insights on price movement and trend analysis of Butyl Rubber in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

 

Butyl Rubber Price Trend for the Q2 of 2024

Asia

The butyl rubber market in China exhibited a mixed trend influenced by various factors in the second quarter of 2024. Initially, after the May Day holiday period, the market maintained stability with slight price increases. However, the market sentiment turned cautious as crude oil prices declined early in May, impacting cost dynamics negatively for the gasoline and diesel refining sectors, which in turn influenced the butyl rubber market indirectly. On a similar note, the isobutene market, a key feedstock for butyl rubber production, experienced stability but showed signs of weakening due to multiple factors contributing to a bearish outlook.
 

Butyl Rubber Price Chart

Butyl Rubber Price Trends

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Supply-wise, some interruptions in production occurred with planned maintenance shutdowns at major manufacturing facilities like Shandong Jingbo Zhongju, leading to tightened supply conditions temporarily. However, downstream demand, particularly from the tire production sector, remained subdued, with slower shipment rates indicating a sluggish recovery in terminal demand. Overall, the market sentiments of butanol were dim, with suppliers adjusting prices downwards in response to reduced procurement enthusiasm from downstream users.

Europe

In Europe, butyl rubber prices experienced a notable increase fueled by heightened demand from the automotive sector. This surge was primarily supported by a rise in the sales figures in the region's automotive market, although the construction sector showed a decline. Additionally, the economic uncertainties arising from inflationary pressures influenced market sentiments, impacting overall purchasing behavior.

The overseas inquiries also gained some momentum on the back of improving global downstream activities; however, the supply chain crunches caused by consistent geopolitical tensions in the region and the rising cost of transportation after the re-direction of the Red Sea route limited the growth of the butyl rubber market.

North America

In the US, despite a decrease in production costs due to lower isobutylene prices, the butyl rubber market saw a moderate increase. This uptick was primarily supported by robust demand from the automotive sector, which countered declines in the construction industry. Another supporting factor was the rising interest of Asian buyers in American produce, as their in-house production was not sufficient to cater to the demand for the commodity. Although a slight variation caused by the changing dynamics of crude oil was bearded by the market, the overall trajectory of butyl rubber prices remained in the green zone. However, in the later stages of the quarter, the traders were concerned about the tempering of market confidence by inflation concerns affecting consumer spending patterns.

Analyst Insight

According to Procurement Resource, the price trend of Butyl Rubber is expected to sustain above the bar supported by slow and gradual recovery of both demand and trading of the commodity.
 

Butyl Rubber Price Trend for the Q1 of 2024

Asia

In the majority of Asian countries, the butyl rubber price trend faced subdued demand, particularly from the automotive and tire sectors. Additionally, ample inventories and stable manufacturing output initially also contributed to the dim outlook of the butyl rubber market. In view of low procurement rates and to avoid oversupply risks, the producers reduced their production rates as the quarter progressed, and the trading community also focused on utilizing existing inventories. By the end of the quarter, even the traders had to reduce their pricing quotations as the market dynamics failed to stabilize.

On the cost side, international crude oil costs surged in March due to positive US EIA inventory data and geopolitical tensions, raising the cost of production of butyl rubber and its derivatives. In China, on the other hand, with the expansion of the overseas consumer base and the rise in the profit margin from the export volumes due to high demand and limited trading activities, the butyl rubber prices experienced a slight bullish trend. These positive indications from the international markets raised optimism among domestic manufacturers and thus resulted in a positive trend in butyl rubber prices.

Europe

In the European countries, the butyl rubber prices experienced a downward trajectory, signaling a bearish market sentiment of the market in the initial months of the quarter. Despite a surge in demand for passenger cars in February due to widespread discounts and an expanded model selection, the demand dynamics of the automotive sector remained under the red zone, supporting the oscillations in the butyl rubber price trend in the first half of the quarter.

The other downstream industries also presented a mute requirement for the commodity in the aforementioned phase. However, the rise in the cost of feedstock chemicals and crude oil prices during this period led to an elevation in the production costs for butyl rubber. This prompted the traders to raise their quotation, but the rise in stockpiles and the sluggish nature of end-user industries limited this incline in the pricing trajectory of butyl rubber.

North America

In the US Butyl Rubber market, prices surged by a significant margin, fueled by strong demand from the automotive and tire sectors. Along with this, the quick consumption of existing inventories raised the bar of production by the manufacturing sector to meet domestic and international demand for butyl rubber. However, the major driver of the commodity, the electric vehicle market, failed to meet the expectations of the traders, particularly due to limited affordability and a narrow consumer base, and thus extended only limited support to the market.

Analyst Insight

According to Procurement Resource, the price trend of Butyl Rubber is estimated to oscillate in a narrow range in the forthcoming quarters as even though the automotive sector is presenting suitable demand of the commodity but the other economic and geographic factors might hinder the growth trajectory of the market.
 

Butyl Rubber Price Trend for the October - December of 2023

Product Category Region Price Time Period
Butyl Rubber Chemicals USA USD 2100MT March 2024
Butyl Rubber Chemicals Europe USD 1850/MT March 2024
Butyl Rubber Chemicals MEA USD 100/MT March 2024


Stay updated with the latest Butyl Rubber prices, historical data, and tailored regional analysis
 

Asia

In the past quarter, the butyl rubber market registered a significant rise in its prices. However, the advent of the fourth quarter failed to maintain this momentum of the market as the butyl rubber prices registered a remarkable fall.

The downstream industries, which presented substantial demand in the third quarter, failed to support the trajectory of butyl rubber price trend in the fourth quarter of 2023. Additionally, it was also seen that the automotive industries struggled at the end phase of the year with their rates of manufacturing and overall market dynamics, as was evident in the downfall of the butyl rubber price trend.

Europe

The European butyl rubber price trend experienced a downturn after struggling during the initial phase of the fourth quarter of 2023, primarily due to cautious purchasing by the buyers and uncertainties in downstream automotive demand.

The traders thus had to adjust their prices along with the reduced export activity, which in turn lowered their profit margins. Another challenging facade came in the form of elevated inventories that pushed the manufacturers towards lowering their production units, hampering the movement of the butyl rubber price curve.

North America

The butyl rubber prices in the US only stabilized during the end of the fourth quarter after registering a consistent fall throughout. The butyl rubber market gained stability on account of modest demand, particularly from key sectors like tire and automotive manufacturing. However, excessive stockpiles in these industries continued to be a struggle for the traders. On the other hand, stagnancy in the prices of the raw materials and a decline in energy costs had a positive impact on the production costs and, in turn, the butyl rubber price trend.

Analyst Insight

According to Procurement Resource, the price trend of Butyl Rubber are expected to inch a little higher in the forthcoming quarters as the stabilization in the production costs and estimated revival of automotive industries will have a positive impact on the butyl rubber price trend.
 

Butyl Rubber Price Trend for the July - September of 2023

Asia

The butyl rubber price trend surged in the third quarter of 2023. The northward journey of the prices was supported by increased interest and sales in the automotive sector. The cost of production, on the other hand, fell consistently on account of the declining rates of feedstock costs. However, due to the rise in demand and the positive outlook of the Asia Pacific market in terms of rates of production and working of supply chains, the overall trend of prices of butyl rubber faced upward.

Europe

The butyl rubber prices started the third quarter with good momentum, but as the quarter progressed, this trend reversed. The butyl rubber prices struggled with the feeble movement of the construction sector, which affected the entire dynamics of the European markets. However, during the initial phase, the rates of procurement from the automotive industries proved as an anchor, but this was not sufficient during the later phase. In addition to this, the rise in the cost of feedstock materials and plunging demand resulted in the downfall of the butyl rubber price trend.

North America

The movement of the butyl rubber price trend followed an oscillating trajectory. In the first months, the decline of the butyl rubber prices was steep due to the excess availability of the product in the region. In addition to this, the decreasing cost of feedstock materials and the performance of the manufacturing sector increased pressure on traders.

But, towards the end phase, the demand from the downstream domestic and overseas markets stabilized. Further, the automotive sector also showcased improvement in its market dynamics, leading to a substantial incline in the prices of butyl rubber.

Analyst Insight

According to Procurement Resource, the price trend of Butyl Rubber are expected to take on a fluctuating trend as the direction of trajectory is dependent on the demand from the downstream industries and the cost of feedstock materials.
 

Butyl Rubber Price Trend for the First Half of 2023

Asia

The downstream demand for butyl rubber in the Asia-Pacific region in the first quarter drove up the price trend of butyl rubber. The major influence in this rising price of butyl rubber was the demand from automotive and other related industries. In addition to this, the overall market sentiment also seemed to be moving in a positive direction in this quarter. However, the second quarter did not prove to be in favor of this trend.

The production rates of butyl rubber matched the demand for the product and eventually surpassed it, creating huge stockpiles of it in the market. The introduction of different players in the region further worsened the conditions and thus increased the competitiveness of the market. Due to these feeble conditions, the market players were forced to sell their produce at a compromised rate, and thus, the price trend of butyl rubber faced southwards.

Europe

In Europe, the strong supply chains and declining downstream demand exerted a negative influence on the prices of butyl rubber in the first quarter of 2023. The level of stockpiles and negative market conditions proved to be a problem for the market for butyl rubber.

In the second quarter, the price trend fluctuated due to the loss of momentum in the automotive and tire industries. However, the pharmaceutical industries and other related sectors supported the butyl rubber market in the month of May. But then the poor performance of the construction sector and overall low demand caused the price trend of butyl rubber to move downwards.

North America

The first quarter witnessed a mixed trajectory in the market for butyl rubber as the prices were stagnant at first, then rose, and then declined. The major influencing factor of this trend was the fluctuations in demand from the automotive sector, which were, in turn, influenced by the availability of semiconductors.

The challenging financial conditions of the market further proved to be a challenge for the price trend of butyl rubber. However, the second quarter showcased sustainable growth in the butyl rubber market. The market activities of the automotive and tire industries gained momentum, and the consumers also showcased confidence via their increased buying potential. In addition to this, the supply sector also supported the rising market movement of butyl rubber, and thus, as a result, the price trend of butyl rubber inclined.

Analyst Insight

According to Procurement Resource, the price trend of Butyl rubber is estimated to follow an oscillating trend as the demand for butyl rubber in the market is dependent on the fluctuating market dynamics of the automotive and other related industries.

Procurement Resource provides latest prices of Butyl Rubber. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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About Butyl Rubber

The copolymerization reaction of isobutylene and isoprene results in the production of butyl rubber, that belongs to the category of synthetic elastomers. This rubber has high gas permeability, excellent weather resistance, flexibility, and enhanced resistance to chemicals. Due to its these properties, it is widely used in the production of airtight seals, applications employing chemical and gas protection and moisture resistance.

Butyl Rubber Product Details

Report Features Details
Product Name Butyl Rubber
Industrial Uses Tire inner lines, Adhesives and sealants, Medical applications, Sports equipment, Electrical insulation, Liners for tanks and ponds
CAS Number 9010-85-9
HS Code 40023100
Synonyms Isobutylene-isoprene rubber
Supplier Database Fine organics, Timco Rubber, The Goodyear tire and rubber products Inc, JSR Corporation, Exxon Mobil Chemical, Reliance Industries Ltd, LANXESS AG, Eastman Chemical Company
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery


Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Butyl Rubber Production Processes

The reaction of methyl chloride and ethylene in liquid state produces butyl rubber. The excess methyl chloride is removed from the solution by adding hot water. It is then stabilized by calcium stearate and with subsequent purification step, the final product is obtained.

Methodology

The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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