For the Quarter Ending June 2025
North America
• The Polybutadiene Rubber (PBR) Price Index in North America declined by 2.4% Q-o-Q in Q2 2025, amid persistent demand weakness from the automotive and OE tire sectors.
• Domestic supply remained balanced, with steady production from key manufacturers and stable feedstock availability (Butadiene), enabling consistent throughput.
• Demand outlook was subdued, with June vehicle sales down 14.27% M-o-M, and tire makers limiting restocking due to policy uncertainty and cost sensitivity.
• Spot prices held steady in July as suppliers leveraged moderate export traction to Canada and Brazil while limiting low-cost offers to manage margins.
• Although production cost trends remained flat, cautious procurement and oversupply conditions weighed on price dynamics throughout the quarter.
Why did the price of PBR change in July 2025 in the US?
• PBR prices remained flat in July, following a slight rebound in export demand and supplier inventory realignment.
• Domestic consumption stayed soft due to weaker automotive production, but overseas shipments, especially to Brazil and Canada, helped cushion downside risk.
• Suppliers avoided deep discounts and opted for strategic stock positioning, with spot price stability emerging from risk-mitigated procurement trends.
• Continued geopolitical and tariff-related uncertainty kept demand restrained, despite easing port and inland logistics pressures.
Europe
• The PBR Price Index in Europe registered a 3.6% Q-o-Q decline in Q2 2025, largely due to weak domestic automotive and tire sector pull.
• Production cost trends remained moderate, supported by steady Butadiene prices, while producers held output rates in check to align with low order volumes.
• Demand outlook continued to disappoint, with a 13.8% Y-o-Y drop in June car registrations in Germany and pressure from cheaper Asian tire imports limiting procurement.
• In July, prices edged slightly higher as suppliers-built risk premiums into offers amid temporary rail disruptions and cautious restocking among downstream buyers.
• Spot pricing resilience was further reinforced by stable export flows, particularly to China, where strong automotive sales underpinned consistent offtake.
Why did the price of PBR change in July 2025 in Europe?
• PBR prices in Europe rose marginally in July 2025 due to controlled supply, selective restocking, and improved export sentiment.
• Domestic market remained soft, but global demand pockets, especially in China, encouraged sellers to adopt a more disciplined pricing stance.
• Temporary rail access suspension at Hamburg terminals added logistical cost pressure, prompting minor price firming to offset delivery disruptions.
• Export competitiveness remained a key focus, as producers held back on excess volumes while carefully managing price floors.
Asia Pacific
• The PBR Price Index in APAC dropped sharply by 19.4% Q-o-Q in Q2 2025, driven by sluggish tire production and cautious inventory strategies.
• Supply remained ample, supported by consistent imports from Japan and South Korea, with sellers facing little urgency to adjust prices amid weak downstream pull.
• Production cost trends remained low, with regional Butadiene prices stable and favorable currency movements lowering the landed cost of imports.
• However, spot prices showed a marginal recovery in July as tire and footwear manufacturers resumed seasonal restocking and inquiry volume picked up.
• The demand outlook hinted at stabilization, with buyers shifting from passive to scheduled procurement patterns, although large-scale offtake was still lacking.
Why did the price of PBR change in July 2025 in APAC?
• PBR prices increased slightly in July, marking a tentative reversal after months of decline.
• Small but steady restocking activity from tire and footwear sectors, combined with leaner inventories, contributed to price index stabilization.
• Suppliers responded to firmer buyer intent by raising offers modestly, maintaining pricing discipline without triggering volatility.
• Import flows continued smoothly, but the market tone suggested quiet confidence returning as stakeholders positioned for a potential Q3 recovery.
For the Quarter Ending March 2025
North America
• The Polybutadiene Rubber (PBR) Price Index in North America experienced a modest decline of 2.44% in Q1 2025 compared to the previous quarter.
• Polybutadiene Rubber (PBR) Spot Price remained relatively stable month-on-month, despite the average quarterly drop due to lower Butadiene feedstock prices in March.
• The decrease in the PBR Price Index was primarily driven by a sharp fall in Butadiene prices and soft downstream demand, especially during March.
• Supply remained stable throughout the quarter, supported by consistent domestic production and sufficient inventory, though disrupted intermittently by port congestion, freight delays, and adverse weather.
• Polybutadiene Rubber (PBR) Demand Outlook was mixed: the automotive sector showed fluctuations but rebounded in March, while the tire sector demonstrated resilience despite economic headwinds.
• Polybutadiene Rubber (PBR) Production Cost Trend softened due to lower raw material costs and better feedstock availability.
Why did the price of Polybutadiene Rubber (PBR) change in April 2025 in the US?
• The PBR Price Index continued to decline by 1% as tariff pressures and elevated shipping costs sustained downward pressure on demand and raw material values.
• Polybutadiene Rubber (PBR) Price Forecast suggests continued cautious sentiment into Q2, with potential price stabilization depending on raw material trends and automotive sector performance.
APAC
• The Polybutadiene Rubber (PBR) Price Index in Japan decreased slightly by 2.16% in Q1 2025.
• Polybutadiene Rubber (PBR) Spot Price remained largely stable across the quarter, even as Butadiene costs fell by 5.5% in March.
• The decline in the PBR Price Index was moderate, as steady supply and healthy automotive and tire sector demand helped cushion the impact of falling feedstock costs.
• Polybutadiene Rubber (PBR) Demand Outlook was strong due to robust vehicle sales and infrastructure development, particularly in the electric vehicle segment.
• Polybutadiene Rubber (PBR) Production Cost Trend eased in March with the fall in Butadiene prices, offsetting pressure from rising operational costs earlier in the quarter.
• Supply levels were stable as manufacturers adjusted export volumes and managed inventories in response to fluctuating domestic demand.
Why did the price of Polybutadiene Rubber (PBR) change in April 2025 in APAC?
• The PBR Price Index declined sharply in Japan by 7% due to the carryover effect of lower feedstock costs and subdued global sentiment in downstream markets.
• Polybutadiene Rubber (PBR) Price Forecast for Q2 2025 remains cautiously optimistic, depending on NEV production momentum and feedstock pricing recovery.
Europe
• The Polybutadiene Rubber (PBR) Price Index in Europe registered a marginal quarter-on-quarter decline of 1.00% in Q1 2025.
• Polybutadiene Rubber (PBR) Spot Price remained mostly stable, with minimal volatility due to effective inventory and production management by suppliers.
• The price decline stemmed from softened Butadiene prices, themselves influenced by reduced energy and naphtha costs, though the downstream effect on PBR was limited.
• Polybutadiene Rubber (PBR) Demand Outlook was supported by the tire sector, especially in winter and all-season replacement segments, while the automobile sector showed weak performance in early Q1 but signs of recovery in March.
• Polybutadiene Rubber (PBR) Production Cost Trend decreased mildly, aligned with lower feedstock and energy inputs.
• Persistent logistical issues such as labor strikes and port congestion affected deliveries, but did not substantially impact availability due to proactive stockpiling.
Why did the price of Polybutadiene Rubber (PBR) change in April 2025 in Europe?
• The PBR Price Index in April edged lower due to continued subdued automotive demand and residual logistical constraints, despite improved new vehicle registrations.
• Polybutadiene Rubber (PBR) Price Forecast suggests stable to slightly weaker prices in Q2, pending clearer demand signals from the automobile sector and sustained logistical improvements.
For the Quarter Ending December 2024
North America
In the fourth quarter of 2024, the price of Polybutadiene Rubber (PBR) in the US saw a 2.65% increase compared to the previous quarter, moving from 1885 USD/MT in early January to a higher value in December. This rise can be attributed to a combination of market factors, despite the underlying challenges. Throughout the quarter, PBR pricing remained stable with only slight fluctuations. Early in the quarter, PBR prices were marked by stability, supported by sufficient inventories and adequate feedstock supply, particularly Butadiene. As the quarter progressed, moderate demand from the automotive and tire sectors contributed to pricing stability, with support from buyer interest and consistent supplier delivery schedules.
However, the market saw a 2.2% decline in early January, driven by a reduction in Butadiene prices. Despite this, the overall price trend for the quarter remained upward due to a mix of factors such as the overall stable supply chain and ongoing buyer sentiment. Additionally, significant events like Goodyear's sale of the Dunlop brand did not disrupt the market, maintaining balance in PBR availability.
The quarter was also influenced by positive consumer sentiment and steady automobile sales, which helped maintain demand, preventing further price drops and contributing to a moderate price increase.
APAC
The Polybutadiene Rubber (PBR) market in China experienced a 3.61% increase in prices from the previous quarter. This increase follows a period of price stability, supported by consistent butadiene pricing and balanced supply-demand conditions. The rise is attributed to a combination of factors, including steady production rates at nearly 80% capacity, robust supply chain operations, and firm demand from key sectors such as automotive and tire manufacturing. The automotive sector continued its positive performance with growing retail sales, while tire production remained a strong pillar of support for PBR demand. Supply-side dynamics remained stable, with no significant disruptions observed despite rising operating rates. However, logistical activities ensured smooth material flow, preventing potential bottlenecks. While global export orders showed signs of softening, domestic demand for PBR offset this decline, contributing to the overall positive market outlook. The cautious procurement strategies adopted by buyers also helped maintain market stability, reflecting a cautiously optimistic sentiment for PBR prices. Despite the increase, market participants are aware of potential supply chain risks, including rising input costs and potential delays.
Europe
In the fourth quarter of 2024, Polybutadiene Rubber (PBR) prices in Germany saw a 1.51% decrease compared to the previous quarter, reflecting the broader challenges faced by the market. Despite a mild reduction in feedstock costs, demand for PBR remained moderate, driven by a subdued automotive sector and weak performance in the tire sector. While manufacturing output showed signs of improvement, including better delivery times and raw material availability, economic concerns such as weak consumer sentiment and declining orders in key sectors dampened overall demand. The supply of PBR remained stable, with suppliers managing inventories effectively, preventing significant disruptions. However, logistical challenges such as port congestion in Hamburg persisted, contributing to delays in deliveries. The automotive sector saw a mixed performance, with slight growth in new car registrations in November, but a notable decrease in December. Despite these challenges, manufacturers maintained cautious buying behavior, keeping inventory levels steady and adjusting purchasing activity to align with a slow recovery in the domestic market. Overall, while the outlook for PBR prices remained stable, the slight quarterly decline reflects ongoing economic uncertainties, especially in the automotive and tire sectors, limiting growth potential.
For the Quarter Ending September 2024
North America
In Q3 2024, the North American Polybutadiene Rubber (PBR) market experienced a significant price increase, driven by various converging factors. There was a notable surge in demand from key sectors, particularly automotive tires and industrial applications, coupled with supply chain disruptions and rising feedstock costs. The primary feedstock, Butadiene, saw a 1.88% increase compared to the previous quarter.
Additionally, suppliers were heavily engaged in long-term buildup activities to meet the current market demand, contributing to the overall rise in PBR prices. Prices increased by 12.40% from the previous quarter, reflecting the dynamic nature of the market. However, when compared to the same quarter last year, prices were still down by 37%, indicating a substantial recovery in the current market landscape.
By the end of the quarter, the price for Polybutadiene Rubber in the USA reached USD 1937/MT FOB Texas, highlighting the overall positive sentiment in the pricing environment. This increase marks a period of growth and resilience in the PBR market, showcasing its adaptability to changing conditions while maintaining stability amidst external challenges.
APAC
Throughout Q3 2024, the Polybutadiene Rubber (PBR) pricing landscape in the APAC region has experienced a steady increase. This upward trend can be attributed to several factors influencing market dynamics, including rising costs of key feedstock Butadiene, sustained demand from various sectors, and strategic inventory management by market participants. Collectively, these elements have fostered a positive pricing environment in the region. Demand for tires in the Asian market has remained moderate, but depleting inventories and surging Butadiene costs have significantly impacted PBR prices. Japan, in particular, witnessed the most substantial price changes in the APAC region during this quarter, reflecting broader market sentiments. The market recorded a notable 15.71% increase from the same quarter last year, alongside an 8.20% rise from the previous quarter in 2024. Closing the quarter at USD 3200/MT for Polybutadiene Rubber (PBR) FOB Tokyo, Japan has demonstrated a robust and positive pricing environment throughout Q3 2024, highlighting the resilience and growth of the market amid ongoing challenges.
Europe
In Q3 2024, the European Polybutadiene Rubber (PBR) market experienced a significant drop in prices, with France seeing the most notable declines. Several factors contributed to this downward shift, including a decrease in the price of key feedstock Butadiene, despite it witnessing a 3.97% increase from the previous quarter. This change influenced PBR pricing across the region. However, demand from the downstream tire sector remained weak, particularly in the OE and replacement tire segments, due to underperformance in the automobile and manufacturing industries. This weak demand further contributed to the downward pressure on PBR prices, creating an imbalance between supply and demand. France, in particular, experienced considerable price volatility, with a 2.95% year-on-year decrease and an 8.16% drop from the previous quarter, signaling a substantial price adjustment. By the end of Q3 2024, the price of Polybutadiene Rubber in France settled at USD 1800/MT FD Le Havre, reflecting a bearish sentiment in the market as oversupply and weak demand continued to weigh on pricing dynamics.
Frequently Asked Questions (FAQs):
1. What is the current price of Polybutadiene Rubber (PBR)?
As of July 2025, the PBR spot price was assessed at USD 1825/MT FOB-Texas (USA) and USD 1665/MT FOB-Hamburg (Europe), while APAC prices stood at USD 2125/MT CFR-Laem Chabang (Thailand).
2. Who are the top producers of PBR globally?
Key global producers include Lanxess, LG Chem, Synthos, Kumho Petrochemical, Trinseo, Goodyear, and JSR Corporation.
3. What is the PBR Price Forecast for Q3 2025?
Prices are expected to stay stable to slightly firm in Q3, driven by improved export demand and scheduled restocking, though domestic sector recovery remains uncertain.
4. How is the PBR Production Cost Trend impacting global prices?
Production costs have remained stable, supported by consistent Butadiene feedstock pricing. However, subdued demand has limited producers’ pricing power in most regions.
