Texas, USA: The Isoprene Rubber MV 60-80 market is experiencing a mixed trend. In the US market, the prices of Isoprene Rubber MV 60-80 are witnessing a bearish market scenario which is affected by the incline in the inflation rate, whereas, the European and Asian markets are showcasing stability in their trend due to the ample inventory levels in the storage units to meet the demand from the downstream Automotive and Tire sectors, despite the economical pressure.

In the US market, the Isoprene Rubber MV 60-80 is declining continuously, and during the week ending on 24th May, the prices of the commodity declined by 1.31% and settled at USD 3750/MT (FOB-Texas). This week, the inventory levels of Isoprene Rubber MV 60-80 subdued the demand from the downstream Automotive and Tire sectors resulting in piled-up inventories and a lower consumption rate. Therefore, the Isoprene Rubber MV 60-80 market is continuing to showcase a bearish trend. However, due to fluctuating demand for electric vehicles, U.S. automakers are refocusing on more profitable hybrids and gasoline-powered models, scaling back their previous ambitions for electric units. In terms of U.S. inflation, minutes from the April 30 - May 1 Federal Open Market Committee policy meeting revealed that policymakers were uncertain about the timing for easing policies. This meeting came after several reports indicated that inflation was more persistent than anticipated at the beginning of 2024. With the Fed targeting a 2% inflation rate, all indicators showed price increases exceeding this goal. Additionally, committee members were concerned that consumers were turning to riskier financing methods to cope with ongoing inflation pressures.

At the same time, the Asian-Pacific regions are experiencing stability in the market scenario of Isoprene Rubber MV 60-80, due to the presence of sufficient inventory levels in the storage units as per the demand for Isoprene Rubber MV 60-80 from the downstream Automotive and Tire sectors. However, Malaysia has overtaken Thailand as Southeast Asia's second-largest auto market, driven by a surge in investment and significant contributions from Chinese automakers to the country's automotive sector. Thailand's car manufacturing target for 2024 might be reduced due to ongoing production declines and a sluggish economy impacting car sales, according to the Federation of Thai Industries (FTI). Earlier this year, the FTI set a production target of 1.9 million cars, representing a 3.15% year-on-year increase, with 1.15 million cars designated for export and 750,000 for domestic sales.

Similarly, European nations are experiencing a stable trend in the Isoprene Rubber MV 60-80 market, due to a balanced supply and demand. The moderate demand for Isoprene Rubber MV 60-80 from the downstream automotive and tire sectors is being effectively managed by current inventory levels. To avoid potential supply chain disruptions, production rates, and trading activities for Isoprene Rubber MV 60-80 are kept steady. Despite a drop in upstream crude oil prices, leading to lower energy costs for production, the prices of Isoprene Rubber MV 60-80 remain stable due to consistent demand from the automotive and tire industries.

According to ChemAnalyst, the Isoprene Rubber MV 60-80 is anticipated to incline in the US and Asian-Pacific regions because of the expectations of the increased demand from the downstream Automotive and Tire sectors. However, the European nations might be affected by the soft economy which might affect the downstream Automotive and Tire sectors and might shift the Isoprene Rubber MV 60-80 trend downwards.