Nitrile Butadiene Rubber Prices | News | Chart | Demand

Nitrile Butadiene Rubber Price in USA

• United States: 2980 USD/MT (NBR 41%-66%)

In December of Q4 2023, the price of nitrile butadiene rubber in the United States hit 2980 USD/MT (NBR 41%-66%).

The latest report by IMARC Group, titled "Nitrile Butadiene Rubber Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of nitrile butadiene rubber prices. This report delves into the globally, presenting a detailed analysis, along with informative price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.

Nitrile Butadiene Rubber Prices Analysis:

• Japan: 2040 USD/MT (NBR 36%-43%)
• Germany: 2430 USD/MT (NBR 18%-40%)

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The study delves into the factors affecting nitrile butadiene rubber price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.

The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities

Request For a Sample Copy of the Report: https://www.imarcgroup.com/nitrile-butadiene-rubber-pricing-report/requestsample

Nitrile Butadiene Rubber Price Trend- Last Quarter

The demand for NBR is increased by the expanding automotive industry, specifically the increase in vehicle production and maintenance. NBR is perfect for automotive applications including gasoline hoses, gaskets, and seals because of its superior resistance to oils, fuels, and chemicals. Because of its strength and resilience to deterioration, NBR finds usage in a wide range of industrial applications. This covers conveyor belts, vibration dampers, and equipment seals. Because NBR is resistant to abrasive chemicals and high temperatures, it is used in the oil and gas industry. NBR consumption is driven by the sector's ongoing exploration and production activities. Medical gloves employ NBR because of its barrier protection against chemicals and germs. This market is driven by rising healthcare costs and increased awareness of good hygiene. The developing NBR industry is fueled in part by emerging nations' rapid industrialization and infrastructure expansion.

Nitrile Butadiene Rubber Industry Analysis

In the second quarter of 2024, nitrile butadiene rubber (NBR) prices in the North American market rose. This increase has been caused by a number of important factors, including increased freight costs, mounting geopolitical tensions, and rising crude oil prices. The rising cost of crude oil has led to higher manufacturing charges, which has resulted in an increase in NBR pricing. Geopolitical upheaval has exacerbated supply chain disruptions, especially in the Middle East and Eastern Europe. Longer transit times and increased freight costs are the results of this. An increase in spot maritime freight charges from the Far East to North America put more pressure on the market.

The Asia Pacific nitrile butadiene rubber (NBR) market has seen significant volatility in Q2 2024, characterized by a strong upward trend in prices. The costs of NBR have significantly increased this quarter due to several variables. One of the most important of these is the growing price of upstream butadiene, which is being caused by geopolitical tensions in the Middle East and Eastern Europe, which is driving up the price of crude oil internationally. The price increases have been further aggravated by increasing freight charges resulting from vessel shortages and port congestion. Strong market support has also been provided by the automotive sector's consistent demand, which has persisted in the face of economic uncertainty in important markets like China and the US Federal Reserve's cautious approach to interest rate reductions.

The European market for nitrile butadiene rubber (NBR) demonstrated a dynamic price environment in Q2 2024, which was influenced by a confluence of macroeconomic factors, supply chain limitations, and variations in demand. NBR prices have shown a noticeable stabilization this quarter, mostly due to moderate demand from downstream sectors including construction and the automobile industry. Finished items were readily available to satisfy market demand, even though manufacturing companies' operating rates hadn't reached their pre-downturn levels. The complex pricing environment was also influenced by ongoing service inflation and changes in the price of crude oil.

Regional Price Analysis:

• Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, 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
• Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco

Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

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