27 March 2011 20:30 [Source: ICIS news]
The domestic market accounted for a sizable part of the recent surge in demand, a producer said, adding that most of the increase in
The original equipment manufacturer (OEM) market that provides tyres to new vehicle producers is a major demand driver for the US SBR market. When auto sales are strong, tyre demand gets a boost.
“I talked to a guy at Cooper Tire recently, and his factories are running at full speed. I think it’s the same for other tyre producers,” a trader said.
However, while strong domestic SBR demand was a welcome change, buyers had some real competition from
US Gulf FOB (free on board) contract prices for March 1502-grade SBR are 124-131 cents/lb ($2,734-$2,888, €1,941-2,050/tonne), while US spot 1502 prices are 148-155 cents/lb, as assessed by ICIS. In Asia,
North American SBR suppliers include Goodyear, International Specialty Products (ISP), Lion Copolymer and Negromex.
Hosted by the National Petrochemical & Refiners Association (NPRA), the International Petrochemical Conference (IPC) continues through Tuesday.
($1 = €0.71)
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