Louisiana (USA): SBR prices in the US market continued their steadiness after a slight increase in the previous week of February. A major impact on SBR prices in the US market occurred due to increased transit times and freight charges, accompanied by the resumption of the Asian market after the festive break. Adding to these factors, the continuous increase in the prices of SBR feedstock - styrene and butadiene in the global market consequently increases the production cost of SBR. Moreover, the demand for SBR from tire manufacturing units has expedited, providing a scope for better demand deals in the US and overseas markets. By the week ending March xst, SBR prices were observed at USD xxxx per MT, CFR USGC in the US market.
Downstream tire production was slow during the Spring Festival but picked up after the holiday in the Asian market. However, there was...
