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Styrene butadiene rubber (SBR) prices increased by *.** as **** commenced due to low availability of feedstock materials, strong demand for tires, and manufacturers taking a more conservative approach to restocking their inventories. The high level of upward price pressure is now evident through the interactions of buyers within the chemical and tire industry sectors in recent weeks, across the North American spot market for SBR.
In the past several months, tire manufacturers and users have experienced an increase in demand; however, styrene and butadiene prices have fluctuated. Domestic producers and importers cited positive order books/conservative inventory policies as a factor in the reduction of delivered volumes, while import levels are also being influenced by general market signals.
The US tire market demonstrated continued strength before going into **** and proved to be able to keep on producing strong...
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