# Styrene-butadiene rubber: Trading

No SBR futures, so traders watch Shanghai BR

Source page: https://www.materialinsights.org/chemicals/sbr/trading/

What this tab covers How it is bought and sold: buyers and sellers, price benchmarks and who publishes them, exchanges, contract types, traders, how Indian buyers price it, recent price points, and good sources to follow.

#### Who buys, and where

- China
- South Korea
- Russia
- Poland and Western Europe
- Thailand
- Japan

#### Who sells, and from where

- India
- ASEAN tyre plants
- China
- Turkey and Eastern Europe
- Mexico

#### Price benchmarks

| Benchmark | Publisher | Basis |
|---|---|---|
| **SBR 1502 CFR China and East China domestic** | ICIS, SunSirs, Mysteel | spot, daily or weekly |
| **SBR 1502 and 1712 FD NWE** | ICIS | monthly |
| **SBR CFR India** | Polymerupdate | weekly |

#### Exchanges

| Venue | Contract | Notes |
|---|---|---|
| **Shanghai Futures Exchange** | butadiene rubber (BR) futures, listed 2023 (indicative) | no SBR contract; BR futures and SHFE natural rubber futures are the nearest hedges |

#### Contract types

- monthly or quarterly contracts with tyre makers, often linked to butadiene
- spot sales by container
- captive supply within tyre groups (Goodyear, Michelin)

#### Traders and distributors

- producer sales offices
- Asian synthetic rubber traders
- Indian distributors

#### How Indian buyers price it

- Indian tyre makers price ESBR on import parity (CFR India) less or plus duties; Reliance sets domestic list prices.
- DGTR final findings of 20 March 2026 recommended five-year anti-dumping duties on ESBR: EU $213/t; Japan $272/t; Korea $51/t (Kumho) and $134/t (others); Russia $319/t; Thailand $109/t (BST) and $195/t (others). Investigation period Oct 2023-Sep 2024 (ERJ, Mar 2026).
- Earlier ESBR duties (from 2017) lapsed after the finance ministry declined DGTR's extension recommendation in October 2022 (ERJ, Nov 2022).

#### Recent price points

| Date | Price | Basis | Source |
|---|---|---|---|
| 8 Sep 2025 | **$1,095/t butadiene** | CFR China | S&P Global Platts via butadiene tile |
| Nov 2025 | **CNY7,021/t (about $988/t) butadiene** | China domestic average | GlobalData via Just Auto, Dec 2025 |
| Dec 2025 | **EUR720/t (about $837/t) butadiene** | Europe contract | GlobalData via Just Auto, Dec 2025 |
| 2025 | **SBR levels not published in sources reached** | n/a | SunSirs pages not reachable |

#### Good sources to follow
[European Rubber Journal](https://www.european-rubber-journal.com)freemium newsletter · Crain

synthetic rubber markets, trade remedies and plant news
[Just Auto (GlobalData Rubber Bulletin coverage)](https://finance.yahoo.com/news/autos-demand-fall-global-competition-121637352.html)free newsletter · GlobalData

monthly synthetic rubber and butadiene trends
[S&P Global Commodity Insights chemicals news](https://www.spglobal.com/energy/en/news-research/latest-news/chemicals)freemium newsletter · S&P Global

butadiene and rubber prices
[Taxguru trade remedy notifications](https://taxguru.in)free research site · Taxguru

Indian DGTR and customs duty notifications

## Other sections

- [Summary](https://www.materialinsights.org/chemicals/sbr/index.md)
- [Overview](https://www.materialinsights.org/chemicals/sbr/overview/index.md)
- [Correlation](https://www.materialinsights.org/chemicals/sbr/correlation/index.md)
- [Production route](https://www.materialinsights.org/chemicals/sbr/routes/index.md)
- [Production](https://www.materialinsights.org/chemicals/sbr/production/index.md)
- [Feedstocks](https://www.materialinsights.org/chemicals/sbr/feedstocks/index.md)
- [Cycles](https://www.materialinsights.org/chemicals/sbr/cycles/index.md)
- [Movement](https://www.materialinsights.org/chemicals/sbr/movement/index.md)
- [Regulation](https://www.materialinsights.org/chemicals/sbr/regulation/index.md)
- [Characteristics](https://www.materialinsights.org/chemicals/sbr/characteristics/index.md)
- [Emissions](https://www.materialinsights.org/chemicals/sbr/emissions/index.md)
- [Relationships](https://www.materialinsights.org/chemicals/sbr/links/index.md)