Houston (USA)- SBR prices in the US market remained stable from the previous week amidst regular and stable demand for SBR from the tire manufacturing and automobile industries in the domestic market. Several factors contributed to this, including longer transit times, constrained supply amidst the Baltimore collision, and rising feedstock prices globally for styrene and butadiene. These factors have increased the production cost of SBR. In the week ending March xxth, SBR prices were observed at USD xxxx per MT, CFR USGC in the US market.
Light vehicle sales dipped slightly at the end of the first quarter due to affordability challenges affecting the market. Although the average transaction price (ATP) is now x.xx lower than a year ago, income growth has not kept pace with ATP growth over the past four years, especially compared to the increase in the average monthly payment for financed vehicles. As...
