Seoul (South Korea)- SBR prices in the South Korean market continued to increase amidst heightened demand from tire manufacturing units and end-use consumers both domestically and internationally. The final prices of SBR in the domestic market are influenced by various internal and external factors. Internal factors include price fluctuations in styrene and butadiene (SBR feedstock) in the domestic market, as well as energy prices required for smooth production operations to meet demand. External factors encompass the supply chain and demand outlook within South Korea and overseas markets. By the week ending April xxth, SBR prices in the South Korean market reached USD xxxx per MT, FOB Seoul, reflecting an overall increase of x.xx domestically.
South Korean tire manufacturers are heavily investing in premium tires designed for SUVs, full-size sedans, and electric vehicles, driven by increased earnings and demand for SBR-driven larger and high-end products. Among the top...
