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EPDM Rubber Price started the year on a strong note where inflationary pressure over the available material continued to drive price upwards in the first quarter. EPDM rubber prices gained close to USD 200 per MT during the first month of 2022 on FOB basis. The increase in prices came in the backdrop of stable consumption levels, limited inventory levels in the US market and rising cost of production of EPDM rubber. However, in H2 of Q1 EPDM rubber market stabilized in the US market on the back of firm cost pressure and stable to weak demand fundamentals.
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EPDM Rubber Price Trend and Forecast EPDM rubber market has been firm to strong owing to robust demand and limited availability of the material in the Indian domestic market in Q1 of 2022. India majorly imports EPDM rubber from neighbouring South Asia and East Asian countries. Japan and South Korea forms key exporters and in the light of recent developments in Europe and its implication on global supply chain, material supply has been limited and imports has also become costly. On demand side, automotive sector has been a key sector of consumption and production rates have improved in the automotive industry in this quarter after stagnancy in the last few quarters. On the back of aforementioned factors, EPDM rubber prices were assessed at USD 3546.80 (INR 268860) per MT Ex-Depot Mumbai in March 2022. In South Korea, EPDM rubber market rebounded in Q1 2022 after a stable December 2021. Prices of EPDM rubber trended upwards as the demand for the material picked up in the early discussions. Several market participants reported that despite there were no production interruptions, they were struggling to keep up with the enquiries and offers for the material. EPDM Rubber price have strengthened and were assessed at USD 3345 per MT. https://www.chemanalyst.com/Pricing-data/epdm-rubber-1110
EPDM Rubber Supply In North America EPDM rubber market started the year on a strong note where inflationary pressure over the available material continued to drive price upwards in the first quarter. EPDM rubber prices gained close to USD 200 per MT during the first month of 2022 on FOB basis. The increase in prices came in the backdrop of stable consumption levels, limited inventory levels in the US market and rising cost of production of EPDM rubber Supply. However, in H2 of Q1 EPDM rubber market stabilized in the US market on the back of firm cost pressure and stable to weak demand fundamentals. Olefins prices remained stable to firm in the domestic market as natural gas prices observed limited to no volatility despite skyrocketing LNG prices in the European market. In March, EPDM rubber prices were assessed at USD 3570 per MT on FOB basis. https://www.chemanalyst.com/Pricing-data/epdm-rubber-1110
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