On April 17, Beijing Expo Zhongju recently announced that in response to the current situation of fluctuations in raw material prices and continued growth in operating costs in the global chemical market, the company will make major adjustments to the price of butyl rubber products. Starting from April 16, 2024, Jingbo Zhongju has decided to raise the price of its full range of butyl rubber products by 5 percentage points to ease the operating pressure of the company.
Beijing Expo Zhongju emphasized that in the complex and ever-changing economic environment, the company had to take this price adjustment measure in order to ensure product quality and maintain a reasonable profit margin. As a leading company in the butyl rubber industry, its products are widely used in many important fields such as tire inner tubes, medicinal bottle closures and waterproof membranes. Therefore, this price adjustment will not only directly affect the procurement costs of downstream companies, but may also become a vane of market dynamic changes.
According to the Carbon Black Industry Network, the market price of butyl rubber has shown an upward trend recently. Jingbo Zhongju's price adjustment strategy is in line with the overall market trend of the industry and may lead other manufacturers of similar products to make corresponding price adjustments. Faced with the pressure of rising costs, downstream manufacturers may take a variety of countermeasures, including finding alternative raw materials, optimizing production to reduce costs, or negotiating with suppliers to obtain more favorable procurement conditions.
