The weakest demand in China may lead to the declin

2022-09-22
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Weak demand in China may lead to a decline in the price of styrene butadiene rubber in Asia

large tire manufacturers estimate that the price of styrene butadiene rubber in Asia will fall from October. As the United States imposes punitive tariffs on tires imported from China, many varieties of SBR in China that need special machines are likely to be restrained. In the fourth quarter, the contract price negotiation of styrene butadiene rubber was blocked, and some tire manufacturers agreed to set prices on a monthly basis, believing that the price offered in the fourth quarter was too high

the price of styrene butadiene rubber manufacturers for the non oil filled grade 1502 supplied in January is US dollars/different tons (euro/ton, cost and freight in Asia), and the negotiation will begin this week

some Japanese tire manufacturers said that at present, there is great uncertainty in all kinds of things, and they are not in a hurry to set the fourth quarter SBR contract price and consider choosing the monthly contract price. Large downstream tire manufacturers said that in view of the uncertainty of the market prospect, the monthly contract price of styrene butadiene rubber in October was temporarily set first

major tire manufacturers include Goodyear, Mitchell, Bridgestone and continental tires. It is understood that some tire manufacturers have production facilities in China

styrene butadiene rubber producers said that in view of the soaring price of raw butadiene, which has squeezed out the profits in the third quarter, the contract price in the fourth quarter is unlikely to be significantly discounted

the price of butadiene shipped in September has risen to USD/ton (East refrigerator refrigeration test oil pour point north Asia cost and freight), which has risen by 1000 USD/ton since the beginning of June

Asian SBR producers said that there was no profit in the third quarter, so they had to maintain the contract price in the fourth quarter at USD/ton (Asia CFR)

large producers of styrene butadiene rubber include LG Chemical Company, South Korea Jinhu Petrochemical Company, Taiwan, China synthetic rubber company (TSRC) and ruiong company

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