20 September 2012 23:18 [Source: ICIS news]
HOUSTON (ICIS)--US non-oil grade styrene butadiene rubber (SBR) 1502 September contract fell by 4 cents/lb ($88/tonne, €68/tonne) from August as a result of a drop in both demand and feedstock costs, sources said on Thursday.
The September contract price for non-oil grade SBR 1502 moved to 112-122 cents/lb from 116-126 cents/lb, while oil-enhanced SBR 1712 moved to 95-105 cents//lb from 98-108 cents/lb.
Spot prices for SBR also moved down.Spot prices for SBR 1502 fell to 111-122 cents/lb from 115-126 cents/lb and SBR 1712 spot prices dropped to 108-118 cents/lb from 111-121 cents/lb.
SBR is used in the manufacture of tyres. Automobiles and light trucks tyres consume most of the SBR.
($1 = €0.77)
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