LONDON—Synthetic rubber futures saw a trend reversal during the trading week ended Nov. 27, as all commodities observed by European Rubber Journal posted a decline in prices.
Butadiene prices continued to decrease across the global market during the trading week, posting a 5.3-percent week-on-week drop as demand remained subdued amid fears of a looming recession.
According to the latest ChemAnalyst data, collected for ERJ, other commodities reversed a positive run established in the first three weeks of November, with polybutadiene rubber posting the biggest fall of 1 percent week-on-week.
EPDM, halobutyle, nitrile and styrene butadiene rubbers saw marginal declines week-on-week, after posting recoveries during the weeks before.
Rubber News wants to hear from its readers. If you want to express your opinion on a story or issue, email your letter to Editor Bruce Meyer at [email protected].