12 April 2011 19:12 [Source: ICIS news]
Values for 1712 oil extended grade material ran up to 163–173 cents/lb from 155–167 cents/lb a week earlier.
“These are real prices, and I have already sold some 1502 in that range to a buyer who was just happy to get it,” the producer said.
The increases were greater for 1502-grade material because it was in greater demand, the producer said.
A lack of crude C4 was keeping a support floor under BD values, which rose to 165–175 cents/lb from around 100–110 cents/lb only about six weeks earlier.
With BD prices expected to continue going up, SBR producers are unlikely to see much relief in the coming weeks.
“Buyers may as well get used to it, because we just don’t have enough to meet demand,” a BD supplier said about the rise in prices.
North American SBR suppliers include Goodyear, International Specialty Products (ISP), Lion Copolymer and Negromex.
($1 = €0.69)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections