The Styrene Butadiene Rubber (SBR) market in Europe continues to be overwhelmed by price inertia heading towards the second week of April and experienced a rollover. This trend is largely attributed to fluctuating costs of its raw building blocks—styrene and butadiene. As the major components of SBR, any disruption in these input raw materials impacts correspondingly on the price. Though feedstock volatilities remain the prime determinants for SBR prices, issues of supply chain effectiveness, inventory levels in stocks, and regional demand forecasts also become the determinants of domestic SBR price directions.
In line with this, South Korean tire manufacturer Kumho Tire Company Ltd&#xx;s move to build its first European factory for tire manufacturing by xxxx will be expected to have significant effects on the SBR market. The firm intends to invest some USD xxx million in the factory,...
