Texas (USA): In the U.S. market, Styrene Butadiene Rubber (SBR) prices held steady despite moderate demand from tire manufacturing and automotive sectors. Final SBR prices are influenced by the balance of supply and demand and production costs. Throughout the week, prices of key SBR feedstocks, styrene, and butadiene, remained positive, indicating a demand recovery despite ongoing price competition and government efforts to boost consumption in the world’s largest electric vehicle market. However, cautious purchasing behavior for expensive goods downstream has led to stable SBR market performance. On the week ending June xth, xxxx, SBR prices in the U.S. market were witnessed at USD xxxx per MT, CFR USGC.
In May xxxx, U.S. auto sales rose by more than xxx year-over-year, driven by strong demand for SUVs, pickup trucks, and hybrid vehicles. The popularity of crossover SUVs and pickup trucks has contributed to stronger sales for U.S....
