US SBR prices head down in April - producer

16 April 2009 23:37  [Source: ICIS news]

HOUSTON (ICIS news)--US styrene butadiene rubber (SBR) contract prices for April were headed down about 5 cents/lb ($110/tonne, €84/tonne) amid low demand, a producer said on Thursday.

The price decrease would apply to 1502 non-oil grade and 1712 oil extended grade product.

The move would put 1502 material from the high-70s to the mid-80s cents/lb US Gulf (USG), and 1712 material in the low-70s to the high-70s cents/lb USG, according to global chemical market intelligence service ICIS pricing.

A lack of demand was likely the main cause for the decrease, a supplier said. SBR demand in the first quarter of 2009 was abysmal due to poor replacement and original equipment tyre sales.

SBR producers include Goodyear, International Specialty Products (ISP), Lion Copolymer and Negromex.

($1 = €0.76)

For more on SBR visit ICIS chemical intelligence
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By: Gene Lockard
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