Tokyo (Japan)- The Asian market for SBR continues to demonstrate stability, with minimal fluctuations in market prices and dynamics. Key sectors such as automotive, insulated electronic equipment, and footwear, which are significant consumers of SBR globally, have experienced varied sales and demand trends across different regions. Notably, Asia stands out as a major producer and key player in the global SBR market, with countries like Japan, South Korea, Thailand, and Singapore leading in manufacturing and exports. Inquiries from both domestic and international consumers have been steady yet gradual. Despite high butadiene costs stabilizing, a slight decline in styrene prices continues to support SBR pricing. Minor reductions in downstream tire production have provided limited support for steady SBR demand. Overall, SBR production has remained largely stable, with company inventories at moderate levels.
In the week ending May xxth, SBR prices were observed at USD xxxx per MT,...
