Asia SBR makers hike Sept offers by $200/tonne

05 August 2009 04:49  [Source: ICIS news]

SINGAPORE (ICIS news)--Asia styrene butadiene rubber (SBR) producers said on Wednesday offers for September material would be raised by $200/tonne (€138/tonne) due to sharp rise in costs of feedstock butadiene (BD).

“We will increase our September offers for the non-oil grade 1502 SBR by $200/tonne to $1,800/tonne, and may revise this offer upwards again depending on the feedstock BD price,” a Korean SBR producer said.

Non-oil grade 1502 SBR prices are currently around $1,600/tonne CFR (cost and freight) but several SBR producers in Asia have withheld offers this week because of unabated spikes in BD prices.

BD surged by $400/tonne from early July to around $1,300/tonne CFR northeast (NE) Asia.

“We have no offers this week as we are not sure how much higher the feedstock BD price will go up in the coming weeks,” a Southeast Asian SBR producer said.

($1 = €0.69)

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By: Helen Yan
+65 6780 4359

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