In August 2025, Liquid Silicone Rubber (LSR) prices in South Korea improved, as a result of further cost inflation upstream, as well as domestic purchasing demand. The market had no logistics issues or port disruptions, meaning that the LSR market faced pricing headwinds, fed largely with deteriorated export volumes from Chinese suppliers, with solid consumption phenomena continuing in key markets. Automotive and semiconductor activity brought stability to LSR demand, mitigating broader sentiment of declining manufacturing activity, and creating a favourably perceived outlook.
Key Highlights
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LSR prices in South Korea advanced ~*.** MoM in August to $*,***/MT CFR-Busan.
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Automotive exports improved *.** MoM to $*.* billion, adding support to elastomer demand.
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Semiconductor exports jumped to $**.* billion, supporting LSR use in electronics.
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No port congestion, shipments still delivered in staggered fashion due to cost exposure.
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Domestic auto sales hit ***,*** units, a *.*** YoY increase.
Price Trend
Demand-Side Dynamics
In August, South Korea’s automotive and semiconductor sectors contributed significantly to LSR demand. Auto exports increased *.** MoM, led by strong interest in eco-friendly vehicles and used cars. Domestic sales of autos totalled ***,*** units, up *.*** YoY, providing a solid dose of LSR consumption in seals and gaskets along with many fluid-contact components across powertrains and cabin systems. The construction sector also provided baseline support in August, as steady residential activity...
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