Sep SBR Import & Export Rise YoY but Fall MoM
In September, the SBR import volume dropped MoM but picked up YoY.
According to GACC, the SBR import volume was 34.7kt in September 2025, down 12.17% MoM but up 17.23% YoY. From January to September 2025, the total SBR import volume was 349.5kt, up 19.73% YoY. From the perspective of China’s SBR output and demand, from January to September, China’s total SBR output was 1,117.7kt, up 13.63% YoY, and China’s total semi-steel tire output was 479.8843 million pieces, up 0.71% YoY. According to SCI’s data, China’s SBR supply and semi-steel tire output in 2025 both increased YoY. Besides, the SBR import volume also ramped up YoY. Overall, the SBS market was in oversupply. There were price advantages for some trade partners, so some traders were willing to participate in the market for arbitrage. There were stable SBR resources imported via processing trade with imported materials.
According to GACC, China’s top 5 trade partners for total SBR imports in September were Russia, South Korea, Germany, Thailand, and Japan. Russia ranked first. The import volume of SBR from Russia in September was 9.8kt, down 22.79% MoM but up 6.17% YoY. South Korea ranked second. The import volume of SBR from South Korea in September was 7.3kt, down 11.62% MoM but up 20.71% YoY. The import prices of SBR from Russia, South Korea, and Germany were $1,282.92/mt, $2,116.56/mt, and $2,198.33/mt, respectively. As seen from the trade mode in September, the volume of SBR imported via general trade accounted for 40.46% of the total. Those via logistics goods in areas under special customs supervision accounted for around 26.39%. Those via processing trade with imported materials took up around 27.95%. Processing trade with imported materials tended to choose customers with processing trade manuals, as their import volume was stable with relatively low import costs.
In September, the SBR exports fell MoM but moved up YoY.
According to GACC, the SBR export volume in September 2025 was 21.3kt, down 24.14% MoM but up 51.64% YoY. From January to September 2025, the total SBR export volume was 203.5kt, up 36.59% YoY. In September, the reason for the MoM fall in China’s SBR export volume was as follows. Downstream tire enterprises in Southeast Asia had a rigid demand for feedstock SBR. However, as the SBR price was falling, some enterprises in Southeast Asia showed weaker willingness to purchase SBR. Nevertheless, the SBR exports in September were still high compared with 2024.
Forecast:
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