11 January 2012 20:21 [Source: ICIS news]
HOUSTON (ICIS)--US styrene butadiene rubber (SBR) spot prices rose slightly, market sources said on Wednesday, as feedstock costs continue to increase.
SBR spot prices were assessed at 137–142 cents/lb ($3,020–3,131/tonne, €2,356–2,442/tonne) for non-oil grade 1502, up an average of 4.5 cents/lb, while oil-enhanced grade 1712 spot prices were increased to 125–130, an average increase of 2.5 cents/lb.
SBR spot prices increased last week and are anticipated to rise again as feedstock costs continue to climb, sources said.
The December BD contract was at 98 cents/lb and the January contract was at 105 cents/lb for most of the market. The December contract rate was the lowest in 2011 and was down 44% from the peak of 175 cents/lb in August 2011.
A market player anticipates a tighter supply of BD as one supplier is scheduled for a maintenance turnaround to start near the end of February and extend through March and another is scheduled to start on 1 April and continue to be out of service until sometime in May.
The SBR contract prices are anticipated to be reached next week after the December styrene contract prices are settled.
US producers of SBR include American Synthetic Rubber, Ashland, Firestone, Goodyear, LANXESS and Lion Copolymer.
($1 = €0.78)For more on SBR, visit ICIS chemical intelligence
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