Styrene butadiene rubber Overview Transcript
Styrene butadiene rubber or SBR in short is a synthetic rubber; it is used in the production of tyres in the automotive sector, as well as in the footwear industry. It is traded widely in Asia. The major producers are in Northeast Asia, South Korea, China, Taiwan, and Japan.
It is a spot product that is traded by traders as well as by distributors, consumers and producers.
Its prices are driven primarily by supply and demand. If there is more demand than supply, then obviously prices will rise.
In Asia the SBR prices are to a large extent determined by the natural rubber prices. This is because both natural rubber and SBR are substitutes used in the production of tyres, Which ever goes up or comes down will impact each other.