Europe July SBR contracts fall by €200-250/tonne

04 July 2012 23:59  [Source: ICIS news]

LONDON (ICIS)--European styrene butadiene rubber (SBR) July contracts have fallen by €200-250/tonne ($253-316/tonne) because of lower feedstock costs and weak demand, sources said on Wednesday.

The price of 1500 grade SBR settled at €2,100-2,200/tonne free delivered (FD) northwest Europe (NWE), a fall of €200-250/tonne. The 1723 grade SBR settled at €2,050-2,150/tonne FD NWE, a drop of €200-250/tonne, while the price of 1783 grade SBR is at €2,000-2,100/tonne FD NWE, down by €200-250/tonne.

Demand from the tyre industry is especially weak - in parts of Europe it is about 30% lower on average than during the same period last year, sources said.

($1 = €0.79)

By: Janos Gal
+44 208 652 3214

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