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The Polybutadiene Rubber Price has been termed as firm in the North American region owing to strong cost pressure from upstream feedstock's and stable demand from downstream industries. Feedstock Butadiene remained in robust demand throughout the quarter due to the versatility of Butadiene in its application in several key polymers and elastomers. Furthermore, climbing crude oil and natural gas prices further put inflationary pressure on downstream Butadiene. Hence, Butadiene prices rose consistently throughout the quarter resulting in cost pressure over downstream PBR. On demand side, consumption from the tire industry remained stable as demand for replacement tires grew in the USA. Thus, as of March 2022,PBR prices were assessed at USD 2840 per MT on FOB basis.

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