Styrene Butadiene Rubber Prices Trend and Forecastvalid until: 29 Jun 2023date published: 29 Jun 2022
The styrene-Butadiene Rubber market started the quarter on a weak note owing to sluggish demand fundamentals. As of February, Styrene Butadiene Rubber Price were assessed at USD 3750 per MT on CFR basis. Port of Los Angeles, a key port for imports, has increased mobility after sustained congestion in January, where 109 vessels were stranded in the port of Long Beach, LA. Exporting countries South Korea, China and others have maintained the material availability on a stronger side despite firm freight charges between Asia and US West Coast. Buying sentiment has been weak owing sluggish rate of production in the downstream automotive industry, which continues to face semiconductor shortages. However, market fundamentals changed drastically in the backdrop of the Russia-Ukraine war, which impacted the global supply chains.
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