Recent reports indicate that South Korean auto exports are expected to decline for the first time in five years this year, influenced by factors such as US tariff policies.

The article states that the decline in South Korean auto exports is expected to reduce demand for styrene-butadiene rubber (SBR) in auto production (such as tire manufacturing), thus putting downward pressure on spot prices. Combined with recent futures contract data, weakened demand may exacerbate the downward trend in futures prices, especially given the relatively stable global supply. Therefore, this is rated as generally bearish.

The decline in South Korean auto exports will reduce demand for nitrile rubber (NBR) in auto parts (such as seals and hoses), leading to downward pressure on spot prices. Combined with recent futures contract data, reduced demand may amplify the negative impact on futures prices, and considering current market inventory levels, the downside risk is increased. Therefore, this is rated as generally bearish.

The decline in South Korean auto exports may reduce demand for butyl rubberin the automotive industry (such as inner tubes and shock absorber components), which is bearish for spot prices. Combined with recent futures contract data, weak demand may push futures prices further down, especially under conditions of increased macroeconomic uncertainty. Therefore, this is rated as generally bearish.

South Korean auto exports are expected to decline, reducing demand for butadiene rubber (primarily used in tire production) and thus depressing spot prices. Combined with recent futures contract data, the decreased demand could exacerbate downward pressure on futures prices, especially given the backdrop of global trade policy adjustments. Therefore, this is rated as generally bearish.

The article indicates that declining South Korean auto exports may lead to reduced demand for natural rubber in the automotive manufacturing sector (such as tire raw materials), negatively impacting spot prices. Combined with recent futures contract data, weakened demand could exacerbate the decline in futures prices. Considering that there are currently no significant changes on the supply side, the downward price trend is clear. Therefore, this is rated as generally bearish.

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