01 February 2012 23:40 [Source: ICIS news]HOUSTON (ICIS)--US styrene butadiene rubber (SBR) spot prices for oil-extended grade 1712 moved up by an average of 10 cents/lb ($220 tonne/€167/tonne) on rising feedstock butadiene (BD) costs and, to some extent, a rise in styrene costs, market sources said on Wednesday. The current spot price for oil-extended grade 1712 SBR is 125-130 cents/lb. The non-oil grade 1502 spot prices remained unchanged.
Feedstock BD February contracts settled split at $1.18/gal and $1.30/gal, increases of 13 and 18 cents/lb from the January contract. Spot prices for BD have increased 25-30 cents/lb since the end of 2011.
The movement of styrene prices has not been as fluid, with the contract amounts narrowing but still at an average of 61 cents/lb, while the spot prices have increased 8.5 cents/lb since the first of the year.
SBR producers in the US include American Synthetic Rubber, Ashland Chemical, Firestone Polymers, Goodyear Tire and Rubber Company, LANXESS and Lion Copolymer.
($1 = €0.76)
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