The IEA sharply lowered its 2026 global oil demand outlook, citing the escalating Mideast conflict and elevated energy prices. The agency now projects a significantly steeper year-on-year decline in consumption than previously forecast, warning that market tightening and demand destruction are accelerating.
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Synthetic Rubber | China | FOB | USD 2,221.00/MT | August 2026 |
| Synthetic Rubber | USA | CIF | USD 2,377.00/MT | August 2026 |
| Synthetic Rubber | Germany | FOB | USD 2,335.00/MT | August 2026 |
| Synthetic Rubber | India | CIF | USD 2,312.00/MT | August 2026 |
| Synthetic Rubber | Japan | CIF | USD 2,255.00/MT | August 2026 |
| Synthetic Rubber | China | FOB | USD 2,000.00/MT | July 2026 |
| Synthetic Rubber | USA | CIF | USD 2,187.00/MT | July 2026 |
| Synthetic Rubber | Germany | FOB | USD 2,134.00/MT | July 2026 |
| Synthetic Rubber | India | CIF | USD 2,107.00/MT | July 2026 |
| Synthetic Rubber | Japan | CIF | USD 2,033.00/MT | July 2026 |
Stay updated with the latest Synthetic Rubber prices, historical data, and tailored regional analysis
Asia
In China, the average prices of Synthetic Rubber stood at ~USD 2,000.00/MT (FOB) in July and ~USD 2,221.00/MT in August, reflecting a ~11.1% rise. Indian import prices moved the same way, averaging about USD 2,107.00/MT (CIF) in July and around USD 2,312.00/MT in August, up ~9.7%. Late July was weak, as crude oil eased and buyers avoided high-priced material. The market turned in August, when low butadiene stocks pushed feedstock costs higher and producers raised quotes for tyre grade rubbers. Early September brought another rise, as Middle East tensions lifted crude oil. Tyre makers then announced price increases, which encouraged petrochemical producers to raise ex-factory prices several times. Growing domestic output and slow demand for nitrile rubber kept prices from rising further. Indian buyers paid more as Chinese export offers increased.
Europe
In Germany, the average price of synthetic rubber rose from approximately USD 2,134.00/MT (FOB) in July to about USD 2,335.00/MT in August, a gain of ~9.4%. European producers faced higher butadiene costs as crude oil firmed. Tyre demand helped, with better replacement tyre sales and steady growth in truck and bus tyres. Wider rubber use in the region remained soft, so buyers placed orders carefully and the rise stayed below Asian levels.
North America
In the USA, average synthetic rubber import prices increased from nearly USD 2,187.00/MT (CIF) in July to roughly USD 2,377.00/MT in August, up ~8.7%. Butadiene contract costs moved higher in August, which raised production costs. Demand was weak, as tyre shipment forecasts for the year were cut and general rubber use stayed low. As a result, the price increase was the smallest of all regions.
Analyst Insight
According to Procurement Resource, synthetic rubber prices are likely to remain firm on high feedstock costs, while growing supply and careful buying may lead to minor corrections.
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Asia
In China, Synthetic Rubber prices declined from ~RMB 15/kg in the first two months of the Q2’26. The market weakened slightly as lower butadiene prices and softer acrylonitrile costs significantly reduced manufacturing expenses, allowing producers to offer material at lower levels. Although maintenance shutdowns at some facilities temporarily restricted production, high operating rates at other plants and the return of additional capacity prevented supply shortages. Imports from Japan and South Korea further improved product availability, increasing competitive pressure in the domestic market. On the demand side, procurement remained cautious as manufacturers purchased only for immediate requirements. Consumption from automotive sealing products, fuel hoses, industrial rubber goods, and nitrile glove producers remained restrained, with glove manufacturers continuing inventory reduction strategies.
Europe
In Germany, Synthetic Rubber prices decreased from ~EUR 2.08/kg in April to ~EUR 1.99/kg in May, reflecting a ~4.2% decline. Despite elevated industrial input and energy costs supporting production expenses, weak manufacturing activity limited pricing power. Automotive demand remained comparatively stable, supported by higher vehicle registrations that sustained consumption of synthetic rubber in seals, hoses, gaskets, and thermal-management components. However, moderate industrial production and cautious purchasing behaviour from manufacturers outweighed this support, resulting in lower regional prices.
North America
In the United States, Synthetic Rubber prices declined from ~USD 2,401.85/MT in April to ~USD 2,351.19/MT in the following month, representing a ~2.1% decrease. Producers continued to face elevated manufacturing and feedstock-related costs, but mixed downstream demand prevented these expenses from being fully transferred to buyers. Automotive production and construction-related activities supported demand for seals, hoses, and industrial rubber components, while moderate manufacturing activity and lower industrial utilisation rates restricted broader consumption growth, keeping the market under downward price pressure.
Synthetic Rubber is an artificial elastomer made by the polymerization of petroleum byproducts. It is superior to natural rubber in terms of thermal stability and strong resistance to oil and oxidizing agents. The rubber industry worldwide is looking to other methods of preparing synthetic rubbers rather than petroleum byproducts to reduce the carbon footprint and increase sustainability. Some common types of synthetic rubbers are SBR, silicone, neoprene, etc.
Automotive Parts, Adhesives, Lubricants, Sporting Goods, Footwear
Sinopec, DuPont, The Dow Chemical Company, ExxonMobil, Kumho Petrochemical Company Ltd
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The process using glucose involves fermentation of a 70% w/w glucose solution to produce isoprene. This reaction intermediate undergoes solution-step polymerization to obtain Polyisoprene.
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