Neoprene Rubber Price Chart, Historical and Forecast Analysis | Procurement Resource
In Asia, neoprene rubber prices surged in Q1 until February but declined in March due to a pricing war initiated by Tesla’s entry into the automotive sector. Local manufacturers lowered automotive prices, causing destocking, and impacting neoprene rubber prices negatively. Q2 saw a recovery, with increased neoprene rubber demand from the tire, pharmaceutical, and automotive…