As of mid-January xxxx, the Styrene Butadiene Rubber (SBR) market in the United States is characterized by slow and stable prices, primarily driven by demand from tire and electronics gadget manufacturers. SBR prices are holding stability at approximately USD xxxx per metric ton, CFR USGC on the week ending January xxth. The market exhibits a sense of equilibrium, influenced by moderate sales and the presence of ample stocks in the consumers’ inventory. Overall market dynamics are moderate, and SBR retailers are encountering a lower volume of commodity inquiries.
The redirection of container ships around the Cape of Good Hope in South Africa has led to a significant increase in ocean freight rates, from the Asian market to US domestic ports. This change is a result of vessels avoiding the Red Sea waterway to prevent potential risk of strikes by Houthi militants, diverting over $xxx billion...
