18 July 2012 23:46 [Source: ICIS news]
HOUSTON (ICIS)--North American styrene butadiene rubber (SBR) July contract prices moved down on feedstock costs, while spot prices climbed from last week on market sentiment, sources confirmed on Wednesday.
The contract price for non-oil grade 1502 SBR moved to 116-126 cents/lb ($2,557-2,778/tonne, €2,071-2,250/tonne) from 131-137 cents/lb in June, while the oil-enhanced grade 1712 SBR moved from 110-118 cents/lb to 98-108 cents/lb.
Feedstock butadiene (BD) July contract prices dropped by 15.9%, while feedstock styrene June contract prices fell by 4.2%.
The SBR spot price range for 1502 moved to 118-129 cents/lb from 108-119 cents/lb, while the spot price range for 1712 moved from 104-114 cents/lb to 114-124 cents/lb.
The spot deals being conducted are few and far between, although some market sources say contract deals continue to take place.
Domestic demand remains positive, although not as strong as had been hoped, but certainly stronger in the US than is being seen in other regions of the world, sources said.
Producers have projected stable demand through the end of the year.
North American SBR producers include American Synthetic Rubber Co (ASRC), Ashland, Firestone Polymers, Goodyear Tire & Rubber, LANXESS, Lion Copolymer and Negromex.
($1 = €0.81)
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