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Styrene Butadiene Rubber Price Trend and Forecast
Styrene Butadiene Rubber Price Trend and Forecast
Regional Price Overview
Get the latest insights on price movement and trend analysis of Styrene Butadiene Rubber in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Styrene Butadiene rubber (SBR) Price Trend for the First Half of 2023
Asia
The Asian SBR market witnessed a mixed price trend in H1 2023. The prices went from around 10,925 RMB/MT in mid-Jan to approximately 11225 RMB/MT in mid-June’23 in the Chinese domestic market, recording a marginal hike of around 2%. The market growth remained sluggish because of feeble demands from downstream automotive and rubber industries. Some occasional peaks in SBR price trends were attributed to the rise in feedstock Styrene and Butadiene prices. Otherwise, the Butadiene rubber (SBR) market remained low, swinging in the first half 2023.
Europe
The high inflation rates in Europe affected consumer behavior, becoming more necessity centric. This shift in purchasing patterns directly impacted the commodities market. As the market offtakes from automotive industries decreased, the demand for SBR in the European region also decreased. The slow demands pushed the market down, but the hike in feedstock prices gave the occasional upward push to the SBR prices in the first half of 2023. Overall, the SBR market remained afloat.
North America
The North American Styrene Butadiene Rubber (SBR) market replicated the global outlook, especially for demand dynamics from downstream automotive sectors. Along with a declining demand pattern, feedstock styrene and butadiene prices remained on a downward trajectory in H1’23. Hence, the falling upstream pressure coupled with bearish downstream demands kept the Styrene Butadiene Rubber (SBR) prices at bay with overall muted price patterns.
Analyst Insight
According to the Procurement Resource, the Styrene Butadiene rubber (SBR) prices are expected to behave in a similar fluctuating manner in the upcoming quarter. The automotive sector has cut down production to clear up the existing inventories, and the projected low demands will likely impact the SBR market.
Styrene Butadiene Rubber (SBR) Price Trend for the Second Half of 2022
Asia Pacific
The prices of Styrene Butadiene Rubber (SBR) declined in the Asian Pacific region due to a significant decline in feedstock prices and weak demand from the domestic market. The automobile and tire industries showed a decline in momentum and thus affected the SBR prices adversely. Along with weak market dynamics, the prices dipped due to the imposed covid restrictions, power rationing norms, oversupply, and low production costs.
Europe
The European region showed a stagnant trend in the third quarter. The prices stood strong in front of the declining demand from the downstream industries, the rising level of inventories, and energy crises in the region. However, a gradual decline in the fourth quarter was observed in the prices of styrene butadiene rubber. The number of inquiries declined in view of the rising inflation and persistent energy crisis. The rise in inventories, sluggish market demand and slow rise in feedstock prices kept the price trends of Styrene Butadiene Rubber (SBR) in the negative zone.
North America
The market dynamics of the North American region were severely affected by the weak demand from the downstream industries. The initial months of the third quarter were somewhat stable but the labor shortage, inflation, and restricted operational rate affected the domestic market adversely. In the fourth quarter, the prices dropped due to the slowing in production as bad weather conditions hit the region. The automotive sector also declined its demand for Styrene Butadiene Rubber (SBR) due to slow market economics and thus fueled the declining price trends for styrene butadiene rubber.
Analyst Insight
According to Procurement Resource, the price trends for Styrene Butadiene Rubber (SBR) are expected to fluctuate in the upcoming quarter. These fluctuations will be majorly due to pressure on the supply chain and the reduced demand considering the current dynamics of the automotive and tire industries.
Styrene Butadiene Rubber (SBR) Price Trend For the First Half of 2022
Asia
The prices of Styrene Butadiene Rubber ( SBR) registered an upward trend during the first quarter. The high crude oil prices, port congestion, and expensive transportation influenced the petrochemical industry in Asia.
The raised quotation of feedstock styrene and butadiene coupled with robust demand from the rubber and tire industry drove the prices. The government decision to impose covid restrictions prompted the factories to halt production which further strained the tight supply.
The price of Styrene Butadiene Rubber averaged 172410 INR/MT in the Indian market during the first quarter. Owing to the high-cost inflation and market supply uncertainties the market sentiment suffered hence driving the SBR prices down during the second quarter.
Europe
The price trends for Styrene Butadiene Rubber ( SBR ) remained strong throughout the said period. Owing to the inflated crude oil prices, enhanced power costs, and expensive raw materials the manufacturers raised their quotations to protect their profitability. These raised quotations were further supported by the robust demand from the pharmaceutical, automotive, and packaging industries. The prices of SBR averaged 3420 USD/MT during the said period.
North America
The trade restrictions amid labour shortages, commodity inflation and booming market sentiments supported the higher prices of SBR throughout the US domestic market. The price of feedstock butadiene averaged 1445/MT FD Texas while that of SBR averaged 3750-3940 USD/MT.
Analyst Insight
According to Procurement Resource, the prices for styrene butadiene rubber are expected o remain lower in the second half of the year. The main reason for the cause could be anticipated in the form of sluggish demand, higher inflation rate, and haphazard logistics. However, a silver line could be feebly seen in the automotive sector.
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About
Styrene Butadiene Rubber (SBR) is a synthetic rubber made of styrene and butadiene monomers. The properties of the said polymer depend on the varying ratios of the monomers; usually, rubber having high styrene content is rigid and less flexible. It is a good alternative to natural rubber due to its high abrasion, crack resistance, and heat ageing properties. SBR is the most widely produced and used synthetic rubber globally and was initially marketed under the name Buna-S.
Product Details
| Report Features | Details |
| Product Name | Styrene Butadiene Rubber |
| HS CODE | 40021990 |
| CAS Number | 9003-55-8 |
| Industrial Uses | Automotive Parts, Conveyor Belts, Tires, Insulation of wires and cables, Mechanical rubber goods, Adhesives/Lubricants |
| Chemical Formula | (C41H44) x n |
| Synonyms | SBR, Styrene Butadiene |
| Molecular Weight | (536.74) x n g/mol |
| Supplier Database | Asahi Kasei, Lanxess, LG Chem, Polimeri Europa, Sinopec |
| Region/Countries Covered | Asia Pacific: China , India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland , Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
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Production Processes
- Production of Styrene Butadiene Rubber via Solution Process; via Cold Emulsion Polymerisation Process
The two monomers are copolymerized in an emulsion process, in which a soap-like surface-acting agent emulsifies the material in the water solution. Besides the monomers, the solution contains free-radical initiators and stabilizers, which prevent the deterioration of the final product. Upon the reaction, styrene and butadiene are arranged as repeating units and crosslinks are introduced via vulcanization.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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