US SBR 1712 spot prices increase on feedstock costs

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)

By: Wesley Busch
+1 713 525 2653

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