09 March 2011 23:59 [Source: ICIS news]
HOUSTON (ICIS)--US styrene butadiene rubber (SBR) producers pushed for 4.0-5.5 cent/lb ($88-121/tonne, €63-87/tonne) increases in March contract prices, following an increase of 5-7 cents/lb on feedstock butadiene (BD), a producer said on Wednesday.
The rise in SBR formula-based contract prices was necessary to maintain production margins following the rise of the BD settlement as well as the run-up in natural rubber prices in recent weeks, the producer said.
February US Gulf (USG) contract prices for 1502 non-oil based SBR were 118.50-125.50 cents/lb FOB (free on board), while prices for 1712 oil extended grade material were 108.50-115.50 cents/lb FOB, as assessed by ICIS.
North American SBR suppliers include Goodyear, International Specialty Products (ISP), Lion Copolymer and Negromex.
($1 = €0.72)
For more on SBR, visit ICIS chemical intelligence
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