11 January 2012 23:59 [Source: ICIS news]
LONDON (ICIS)--European styrene butadiene rubber (SBR) prices have edged up by €50/tonne ($64/tonne) because of higher feedstock costs.
1500 grade SBR is at €2,250-2,400/tonne FD NWE, 1723 grade SBR is €2,150-2,250/tonne FD NWE, while 1783 is at €2,100-2,200/tonne FD NWE.
Producers said demand from ?xml:namespace>
Demand from Asia is good because feedstock butadiene (BD) and SBR prices are lower in Europe than in
The market is balanced to long. Buyers said there are no issues with sourcing material and therefore no reason for price increases to be larger.
One buyer said: “The increase is solely the result of rising feedstock values as demand has not gone up, apart from the usual restocking activity in January.”
The situation may change in February when most producers will target sharper increases as feedstock styrene and BD prices are likely to go up again.
But some non-tyre buyers said that any more price increases will be difficult to pass on as downstream demand is not strong.Follow Janos Gal on Twitter
($1 = €0.78)For more on SBR visit ICIS chemical intelligence
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