US SBR November contracts roll over

13 November 2007 21:36  [Source: ICIS news]

HOUSTON (ICIS news)--US styrene butadiene rubber (SBR) November contracts rolled over due to stable feedstock butadiene (BD) costs, buyers and sellers said on Tuesday.

November SBR contract prices for 1502 non-oil grade were 78.50-82.50 cents/lb ($1,731-1,819/tonne) FOB (free on board) US Gulf (USG). Contract prices for 1712 oil extended grade were 68-73 cents/lb FOB USG.

The November SBR rollover was spurred by a rollover in October BD contracts. SBR price movement closely tracks movement in the previous month's feedstock BD.

SBR demand was firm, despite falling downstream auto sales, sources said.

Feedstock BD prices have since been on the rise, settling up 1 cent in November. The BD gain, coupled with a rise in feedstock styrene costs, prompted some SBR producers to speculate higher prices will be sought in December.

Major US SBR producers include International Specialty Products (ISP) and Lion Copolymer. Major buyers include Continental, Firestone, Cooper, Goodyear, Michelin and Carlisle.

By: Tracy Dulle
+1 713 525 2653

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