Butyl Rubber Prices, Pricing, Demand & Supply
North America The fourth quarter of 2023 was a challenging period for Butyl Rubber in the North American region. The market faced several factors that influenced prices and demand. Firstly, the US automotive sector experienced a decline in sales due to a strike by the United Auto Workers (UAW) union against major automakers. This strike disrupted the supply chain and led to concerns about potential disruptions in the production of vehicles, impacting the demand for Butyl Rubber. Secondly, the European construction industry also witnessed a slowdown, resulting in a decrease in import orders for Butyl Rubber Prices from the US. This decline in demand further affected the market dynamics. Lastly, the global crude oil prices continued to rise due to production cuts implemented by OPEC+ countries, leading to higher production costs for Butyl Rubber. These increased costs contributed to the overall increase in prices for the quarter. No plant shutdowns were reported during this pe...