15 June 2011 03:18 [Source: ICIS news]
HOUSTON (ICIS)--US styrene butadiene rubber (SBR) producers have proposed price increases for June contracts following butadiene (BD) settlement gains in early June, an SBR producer said on Tuesday.
If the hikes are accepted by buyers, the prices of SBR 1502 non-oil grade material will be at $1.64-1.70/lb (€1.13-1.17/lb), while 1712 oil extended grade SBR prices will rise to $1.44-1.52/lb, as assessed by ICIS.
Buyers could not immediately be reached for comment. However, because SBR contract prices are set by a formula that is keyed to the price of BD contracts, the producers are expected to be successful in their proposals to raise prices.
“No one is turning anything down right now. They know supply is tight, and while buyers don’t like the prices, they are accepting them so far,” the producer said.
North American SBR suppliers include Goodyear, International Specialty Products (ISP), Lion Copolymer and Negromex.
($1 = €0.69)
For more on styrene butadiene rubber, visit ICIS chemical intelligence
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