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The US styrene butadiene rubber market strengthened into late August **** after a softer July as tire-distributor restocking and higher import replacement costs shifted negotiating leverage back toward suppliers. The late-August weekly assessment reached $*,***/MT, up *.*** week on week, while the July styrene butadiene rubber CFR USGC assessment averaged $*,***/MT, according to the supplied market data. The reversal indicates that the market is responding more strongly to replenishment and replacement-cost dynamics than to broad automotive growth.
The tire industry is providing the clearest source of demand support. US tire distributors have been rebuilding inventories ahead of the autumn replacement season, while OEM demand remains comparatively restrained. The U.S. Tire Manufacturers Association**;s latest **** outlook projects total U.S. tire shipments at ***.* million units, down from ***.* million in ****. Replacement passenger-tire shipments are forecast to decline *.**, while replacement truck-tire shipments are projected...
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