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Market participants said that in the first week of April, the price of U.S. styrene-butadiene rubber (non-oil-extended 1502) with strong demand and limited supply soared by US$200/ton, and it had reached US$2,596/ton by the end of last week.
According to statistics, the US automobile sales in March increased by 27% over the same period of last year to 850,308 units. The increase in car sales will drive the demand for tires, which will in turn drive the growth in the demand for styrene-butadiene rubber raw materials for tires. Various signs of the market show that the US auto industry has embarked on the road to recovery. In the second quarter, the industry may need to import more SBR. Analysts at ICIS expect that demand for styrene butadiene rubber will increase by 20% this year in the United States, and demand for styrene butadiene rubber for automobile tires will account for about 70% of total demand.
In Asia, due to the fact that the major downstream tire manufacturers have already prepared enough raw materials for the second quarter, spot prices for styrene butadiene rubber from US$2,450 to 2,500/tonne (CFR, Asia) have been strongly resisted by tire manufacturers, and styrene butadiene rubber producers We will look to the United States. A Korean styrene butadiene rubber producer said that the company will export 6,000 tons of styrene-butadiene rubber to the United States in April. He said: “The amount of styrene-butadiene rubber we will export to the United States in April will increase significantly, and we expect exports to remain strong in May.†It is understood that South Korea exports styrene-butadiene rubber to the United States in April (non-oil-extended 1502). The price is 2350 ~ 2400 US dollars / ton (FOB), the freight from South Korea to the United States is approximately 200 US dollars / ton, so the arrival price of 2550 ~ 2600 US dollars / ton.
A styrene butadiene rubber producer in Southeast Asia also stated that it has received inquiries from customers in the United States. The customer hopes that the manufacturers will increase their exports to the United States in April and May.
Asian styrene butadiene rubber enters the United States
Recently, the U.S. auto industry has shown signs of recovery and strong demand for styrene-butadiene rubber as the main raw material for tire production. However, due to the limited supply in the local market, the price of styrene-butadiene rubber continues to increase, which has attracted large quantities of Asian goods into the United States. According to industry sources, the improvement in the sales situation in the US auto market will continue for the next two months.