06 June 2013 03:42 [Source: ICIS news]
Prices of medium ethylidene norbornene (ENB) grade EPDM dropped by $50/tonne (€38/tonne) from the previous week to $2,850-2,9500/tonne CIF (cost, freight & insurance) China on 5 June, ICIS data showed.
EPDM prices have been under downward pressure because of oversupply and weak demand amid a slowing Chinese economy, industry sources said.
EPDM is used in a wide range of applications including gaskets and window seals in the automotive industry as well as roofing membrane and electrical insulation material in the construction industry.
($1 = €0.76)
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