Hamburg, USA: The US and German Isobutylene markets remained on a bearish trajectory in September xxxx, largely due to reduced production costs driven by falling crude oil prices. Additionally, ample inventory levels of isobutylene further supported the downward trend in the market.
In September xxxx, despite a notable rise in the downstream Butyl Rubber market in Germany, the Isobutylene market remained under bearish pressure, primarily due to a weakening economy that eroded consumer confidence. This downturn overshadowed the gains in the automotive sector, where, according to the German Federal Motor Vehicle Authority (KBA), new passenger car registrations witnessed a monthly increase but were still lower on a year-over-year basis. These factors fueled bullish sentiment for Butyl Rubber, yet the Isobutylene market struggled to gain momentum. The accumulated inventories of Isobutylene and stiff competition from global suppliers, particularly aggressive pricing from Chinese manufacturers following supportive policy...
