Get the latest insights on price movement and trend analysis of Chloroprene Rubber in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Chloroprene Rubber Price Trend for the Second Half of 2022
Chloroprene rubber aka Neoprene showed very oscillating price trends throughout the second half of 2022. As the upstream processes smoothened and the glut of supplies reached the market, prices went down for a brief period. The feedstock costs again soared the prices. A similar mixed-price trend of chloroprene rubber was observed later too. A rising trend was mostly attributed to upstream costs while price dips were attributed to dips in demand.
The price trend of chloroprene rubber showed a very arbitrary, capricious pattern initially in the second half of 2022 in the European market. Some peaks pertained to convulsions in supply chains while plunges related to the downturn of automobiles and manufacturing sectors. The later second half witnessed a very stinging drop in the price trends as supply chains were restored and upstreaming costs plunged, but the very low demand in the market never supported the excess supply.
The price trends of chloroprene rubber vacillating throughout the second half of 2022 in the North American market. A very rapid rising and falling behaviour kept the overall price trend uncertain. Universal poor performance in the automobile manufacturing sector did no good for market strength.
According to Procurement Resource, the Neoprene/Chloroprene rubber is expected to remain volatile in the coming months. As the demand rebounds amidst the market uncertainties the prices are expected to rise in the longer run.
Chloroprene Rubber Price Trend For the First Half of 2022
The price trends for chloroprene rubber, commonly known as neoprene, remained strong throughout the first half of 2022. The inflated costs of feedstock butadiene and the soaring transport costs due to the resurgence of covid cases in China kept the rubber prices high. The prices of butadiene averaged around 11000 RMB/MT in North China. In June, the price of neoprene-Guangdong CR121 averaged 43250 RMB/MT.
The crude oil prices soared to an unprecedented level due to the Russia-Ukraine confrontation, triggering an economic backlash in Europe and giving rise to double-digit inflation. The price of feedstock Butadiene averaged around 1350 USD/MT FD Hamburg. With the high feedstock prices and strong pricing globally, the prices of chloroprene rubber increased by 7.3%.
The prices of chloroprene rubber soared throughout the first half of the said year owing to the inflated prices, supply shortages, lack of skilled labour and robust demand from rubber and automotive industries. The price trends of chloroprene rubber recorded a hike of 4.5% ( approx.) during the said period.
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Chloroprene Rubber (CR) is a synthetic rubber that is also known as Neoprene. The properties of CR are well-balanced and include good chemical stability and utility over a broad temperature range. It exhibits good resistance to ozone cracking, heat ageing, and chemical attack because of its low reactivity. For instance, it has only moderate or poor resistance to acids, solvents, and fuels, but good resistance to many chlorofluorocarbons, aliphatic hydrocarbons, mineral oils, greases, and ozone.
|Product Name||Chloroprene Rubber|
|Industrial Uses||Fire protection accessories, Aerospace, Mobile technology, Food Equipment (FDA-approved rubber), Stainless Steel, Medical and Healthcare|
|Molecular Weight||88.53 g/mol|
|Supplier Database||Denka Group, DuPont Performance Elastomers, Dow Chemical Company, Showa Denko K.K., Lanxess AG|
|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.
A butadiene chlorination in the vapour phase is followed by the polymerization of a free-radical emulsion in the integrated process. First, 1,4-dichloro-2-butene and 3,4-dichloro-1-butene are formed by chlorinating butadiene. After that, 3,4-dichloro-1-butene isomers are produced from the 1,4-dichloro-2-butene isomers, which are then further dehydrochlorinated. Caustic soda facilitates the dehydrochlorination, which results in the production of sodium chloride and chloroprene. Chloroprene rubber is the end result of the polymerization process that the produced chloroprene goes through.
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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