OMNOVA hikes SBR prices on feedstock, crude

06 June 2008 09:35  [Source: ICIS news]

SINGAPORE (ICIS news)--US-based specialty chemicals and emulsion polymers manufacturer, OMNOVA Solutions, has increased the price of its styrene butadiene latex (SBR) by $0.20/dry tonne on high energy, raw material and crude costs, it said.

The hike would come into effect from 9 June, the firm added in a statement on its website late on Thursday.

Standard & Poor’s, had recently issued OMNOVA with a negative credit outlook citing continued weaker-than-expected operating performance.

US styrene butadiene producers had recently warned of a sustained rise in prices due to surging feedstock butadiene cost and tight supplies.

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By: Bohan Loh
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