Asia
In the first half of 2025, Halo Butyl Rubber (HBR) prices in the Asia-Pacific region showed mixed movement. Early in Q1, prices rose slightly, supported by moderate demand from the automotive and construction sectors. The upstream cost pressure from crude oil and limited feedstock supply, particularly Isobutylene, also contributed to this increase.
However, by March, prices softened due to weak tire and rubber component demand, especially in countries like Thailand where import volumes dropped. In Q2, the market remained relatively stable, with only a minor uptick in prices in April, as demand from the construction sector helped offset slower recovery in the automotive industry. Feedstock supply remained tight, but buying activity was only moderate, which kept prices from rising sharply.
Europe
The European market for Halo Butyl Rubber remained fairly volatile during H1’25. Prices increased at the beginning of Q1 due to high input and freight costs, but by March, they started to stabilize as inventories grew and demand from construction and automotive segments stayed subdued.
Disruptions in March caused by port strikes in key hubs like Rotterdam and Le Havre briefly raised logistical costs. However, these issues began to resolve by April, leading to more consistent supply. Throughout Q2, the market remained stable, as automotive sales improved slightly in Western Europe, offering some support to HBR demand. Despite the cost pressures earlier in the year, limited downstream activity capped further price gains.
North America
In North America, HBR prices experienced minor increases in H1’25, largely driven by a recovery in downstream automotive and construction demand. In Q1, early gains were supported by higher production costs, with feedstock availability and rising energy prices playing a key role.
Although new tariffs added further cost pressure, demand stayed moderate. By April, prices held steady as supply chains normalized and market sentiment balanced. In Q2, stable inventory levels and consistent, though unspectacular, buying interest helped keep pricing in check. The automotive sector, particularly EV production, supported some of the consumption, while construction activity saw modest recovery.