03 April 2012 03:12 [Source: ICIS news]
SAN ANTONIO, Texas (ICIS)--Demand for styrene butadiene rubber (SBR) is likely to be flat in 2012, a producer in North America said on Monday, also citing concerns of how a further escalation in feedstock butadiene (BD) prices could impact the market.
US BD prices rose by as much as 10 cents/lb ($220/tonne, €165/tonne) in April under settlements that left the market split between $1.52/lb and $1.62/lb.
The increase in April, which is the fourth in as many months, followed a jump of as much as 23% in March.
The uptrend stems from constrained supply rather than strong demand, market sources said.
Market sources attending the International Petrochemical Conference (IPC) this week continued to cite soft demand downstream, saying tyre demand is "awful" in Europe and "weaker than expected" in the
Hosted by the American Fuel & Petrochemical Manufacturers (AFPM), the IPC continues through Tuesday.
($1 = €0.75)
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