EPDM Rubber Prices: In the second quarter of 2023 | ChemAnalyst



For the Quarter Ending June 2023

North America:

The pricing trajectory of EPDM Rubber in the North American market displayed mixed sentiments throughout the second quarter of 2023. Prices witnessed a decline until May, followed by a recovery and subsequent upswing in June. The initial downward movement stemmed from challenges within the U.S. automobile industry, grappling with rising interest rates and adverse economic conditions, leading to diminished demand for EPDM. Additionally, the stagnant state of the construction sector contributed to the lack of improvement in EPDM Rubber consumption. This decline was further supported by a consistent drop in feedstock Ethylene and Propylene prices. However, the latter part of the quarter witnessed a surge in EPDM Rubber procurement due to the U.S. automotive industry's impressive annual growth of 22.9% in May and over 20% in June. Furthermore, a decline in the U.S. manufacturing Purchasing Managers' Index (PMI) in June to 46.3, down from May's 48.4, contributed to lower input costs and increased inventory levels, bolstering EPDM Rubber prices.

APAC:

Similar to North America, the Asia-Pacific (APAC) region experienced a mixed trend in EPDM Rubber prices during the second quarter of 2023. Despite high demand, the South Korean market witnessed a stable decline in EPDM Rubber prices in the initial two months. Diminished feedstock ethylene and propylene costs reduced manufacturing expenses and supported the price decrease. Surplus inventories also contributed to this trend. However, a price upswing in June was fueled by robust demand in downstream sectors. Despite stable or decreased prices of key feedstock materials such as Ethylene and Propylene, which kept input costs in check, increased consumption in downstream industries propelled EPDM Rubber's market value. The thriving performance of the automotive sector in other Asian countries and augmented auto exports from South Korea notably boosted demand. The contraction in industrial activity further contributed to the price rebound.

EPDM Rubber Prices: https://www.chemanalyst.com/Pricing-data/epdm-rubber-1110

Europe:

In Europe, as observed in North America and APAC, EPDM Rubber prices exhibited a mixed trend during Q2 2023. Initially, prices in the Dutch market rose due to heightened global demand. Increased demand from the international market, owing to a better-performing automobile industry, led to an escalation in export prices. Within the Netherlands, heightened EPDM consumption was noted in the automotive sector. However, the latter half of the quarter saw subdued demand sentiment for EPDM Rubber, attributed to weak performance in the construction sector. A decline in the Dutch market's Manufacturing PMI from 44.2 points in May to 43.8 points in June indicated a contraction in various sectors' industrial activity. Global construction was further impacted by rising interest rates, economic uncertainty, reduced new orders, and decreased costs of raw materials like Ethylene and Propylene. These factors collectively drove a decrease in EPDM prices, resulting in a noticeable dip in upstream expenses for EPDM Rubber and subsequently leading to a decline in its market value.

 
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