Can you smell your speakers when youre rockin out?

Lol, I know this a funny question, but whenever I'm listening at loud volumes, I can smell my speakers. It's always the same smell no matter what speakers I've had. It's not a burning smell, more like the insulation used in the boxes. Is it the air blowing through the insulation and then out the port, or cooked voicecoils? Like I said, it doesn't smell like burning electronics but I 'm not sure what it is. It kind of smells good; like new rubber in a bike shop or race gas smells to me. It's the association of good times :-)