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ThailandEntering Q1 2025, Neoprene Rubber (MV 45-53) prices in Japan continued to climb, reaching USD 4743/MT FOB Tokyo, marking a 7.1% increase from Q4 2024. The steady price growth was fuelled by rising demand from industrial and transportation sectors, along with ongoing supply chain constraints. The winter season further boosted consumption, especially for cold-weather applications like wetsuits, insulation, and industrial components. Despite efforts to balance supply, logistical bottlenecks and limited production expansions kept market conditions tight, maintaining the bullish price trend into the new year.
In Q4 2024, Neoprene Rubber (MV 45-53) prices in Japan witnessed an upward shift, rising to USD 4426/MT FOB Tokyo, reflecting a 2.84% increase from Q3 2024. This price rise was driven by strong demand from the automotive and protective gear industries, particularly as winter approached. Supply chain disruptions, including vessel rerouting and port congestion in Asia, further added pressure to the market. Additionally, periodic maintenance shutdowns at manufacturing facilities limited production output, contributing to the overall price surge.
In Q3 2024, the Neoprene Rubber (MV 45-53) market in Japan saw a slight dip in prices, reaching USD 4304/MT FOB Tokyo, marking a 1.44% decrease from Q2 2024. This decline was primarily driven by a well-stocked inventory in the domestic market, coupled with a temporary slowdown in industrial activity. While demand from the automotive and construction sectors remained steady, reduced export orders and easing freight rates contributed to the stabilization of prices.
In Q2 2024, the prices for Neoprene Rubber (MV 45-53) in Japan continued their downward trend, settling at USD 4365/MT FOB Tokyo, reflecting a 6.8 % dip from Q1. The decrease was largely attributed to low demand for Neoprene’s applications in automotive production and industrial equipment. Additionally, rising freight rates and continued supply chain disruptions, particularly in the Asian region, created further downward pressure on the market. The increase in global shipping capacities also contributed to the price drop as transportation bottlenecks eased.
In Q1 2024, the global Neoprene Rubber (MV 45-53) market experienced a slight decrease in prices, especially in Japan, where they were reported at USD 4688/MT FOB Tokyo. This marked a marginal decline of 0.07% compared to the previous quarter. The drop was influenced by a slowdown in demand across several key sectors, including automotive and industrial applications, which traditionally drive the consumption of Neoprene Rubber. However, steady demand from the construction and marine sectors kept the market from seeing more significant declines during this period. Additionally, improved production efficiency in key manufacturing hubs ensured a balanced supply-demand scenario, preventing any major price fluctuations.
In Q1 2025, Neoprene Rubber (MV 45-53) prices in the Indian domestic market edged up slightly to $5683/MT Ex-Delhi, reflecting a modest 0.13% increase from the previous quarter. The market remained largely stable, supported by steady demand from end-use sectors such as automotive parts, wires & cables, and industrial gaskets. While consumption remained cautious, buyers resumed procurement at the start of the fiscal year to replenish inventories. On the supply side, Japanese-origin cargoes were delivered on schedule, and the absence of any major logistical disruptions ensured price consistency. Additionally, the slight price uptick was also linked to improved sentiment following currency stabilization and marginal increases in import costs.
In Q4 2024, prices hovered around $5675/MT Ex-Delhi, showing a 0.44% uptick from Q3. Market sentiment improved marginally as industrial output picked up post-monsoon, particularly in rubber-based sealing components and flame-resistant cable sheathing. However, volumes remained modest due to limited large-scale project activity. While Japanese producers maintained regular shipments, overall demand from downstream processors in India was moderate, and traders continued to adopt a cautious purchasing approach due to uncertain demand visibility in early 2025.
During Q3 2024, Neoprene (MV 45-53) prices fell further to $5651/MT Ex-Delhi, marking a 2.53% decline from the previous quarter. Monsoon-related production slowdowns in India, especially in construction and automotive manufacturing hubs, curbed demand for rubber-based components. Despite steady availability of Japanese imports, weak end-use offtake in conveyor belts, automotive hoses, and molded goods pressured domestic prices. Many buyers chose to operate on hand-to-mouth inventory strategies in anticipation of a more favorable market toward the end of the year.
In Q2 2024, prices dipped to $5798/MT Ex-Delhi, a 4.55% drop from Q1 levels. Demand for Neoprene Rubber remained underwhelming as export orders for finished rubber goods softened, particularly in the Middle East and Southeast Asia. Domestic consumption also lagged, especially in sectors like industrial rubber linings and vibration dampers, where seasonal slowdown and project delays impacted order books. Japanese suppliers maintained consistent export volumes, keeping the Indian market well-stocked and pushing prices further down.
In Q1 2024, Neoprene Rubber (MV 45-53) prices in India declined to $6074/MT Ex-Delhi, down 6.99% from Q4 2023. The correction was largely due to a pullback in downstream demand and excess availability of imported material, as buyers across the automotive and general rubber goods sectors held back on fresh procurement. Meanwhile, Japanese producers maintained aggressive shipment schedules, adding to the supply glut in Indian warehouses. Additionally, softer global demand and limited cost support from upstream chloroprene monomer markets contributed to bearish pricing trends.
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Molecular Weight[g/mol]
CAS No
HS Code
Molecular Formula
Neoprene Rubber is a versatile synthetic elastomer known for its durability, flexibility, and resistance to various environmental factors. It performs well across a wide temperature range, from -40°C to 120°C, making it ideal for both high and low-temperature applications. Neoprene is also highly resistant to oils, greases, solvents, and chemicals, which makes it a preferred material in industries like automotive, marine, and industrial manufacturing. Additionally, it offers excellent weather, ozone, and sunlight resistance, making it suitable for outdoor use. Its water and flame resistance further contribute to its widespread application in products like wetsuits, gaskets, hoses, and protective gear.
Packaging Type
Grades Covered
Incoterms Used
Synonym
PriceWatch Quotation Terms:
Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.
| Property | Specification |
| Mooney Viscosity | 45-55 |
| Density | 1.20-1.28 g/cm3 |
| Specific Gravity | 1.20-1.28 |
| Decomposition Temperature | 200deg-C approx. |
| Physical State | Chips |
Applications
Neoprene Rubber is widely used across various industries due to its exceptional properties, including chemical, temperature, and weather resistance. In the automotive sector, it is commonly used for hoses, belts, and seals, offering durability in harsh environments. In the construction sector, it is used for insulation, roofing membranes, and protective coatings due to its weather-resistant qualities. Additionally, Neoprene is frequently used in electrical insulation, medical devices, and protective gear, such as gloves and knee pads, owing to its flexibility and resilience.
The pricing of neoprene rubber is influenced by several key factors, including the cost of raw materials such as chloroprene, production capacity, and global supply and demand dynamics. Additionally, fluctuations in crude oil prices, transportation costs, and tariffs can significantly affect pricing. Environmental regulations and the push for sustainable sourcing practices also play a role, as manufacturers may face increased costs to comply with these standards
The global supply chain has a direct impact on neoprene rubber pricing due to its reliance on multiple raw materials and production processes spread across different regions. Disruptions in the supply chain, such as transportation delays, geopolitical tensions, or natural disasters, can lead to supply shortages, driving prices higher. Conversely, a streamlined supply chain with efficient logistics can help stabilize or lower prices.
Future pricing trends for neoprene rubber are expected to be influenced by several factors, including advancements in production technology, shifts in raw material costs, and changes in global demand from industries like automotive, consumer goods, and construction. As companies increasingly focus on sustainability, the cost of eco-friendly alternatives may also affect pricing.
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