US SBR September contract prices fall on demand, feedstocks

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)

By: Wesley Busch
+1 713 525 2653

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