Crude oil and Styrene-butadiene rubber

Crude oil is a raw material for styrene-butadiene rubber; their prices have moved together.

Crude oil (energy) and Styrene-butadiene rubber (chemical): 2 relationships.

How they are linked

1. Feedstock

Physical flow · Direct · Crude oil → Styrene-butadiene rubber

Styrene-butadiene rubber is made from crude oil: it is one of the raw materials its production routes start from.

2. Price link: feedstock cost

Cost and price · Moderate · Both ways

Oil sets the cost of naphtha, which yields both butadiene and benzene. Brent moves with the rubber index at 0.10 monthly and 0.52 yearly, a loose tie as tyre contracts reset slowly.

• 0.10 monthly change correlation
• 0.52 12-month change correlation
• 0.25 fitted elasticity

Built from the site data on production routes, energy flows, industry value chains, input-output tables and prices.