31 October 2012 22:15 [Source: ICIS news]
HOUSTON (ICIS)—US styrene butadiene rubber (SBR) October contract prices rolled over from September, remaining at 112-122 cents/lb ($2,469-2,690/tonne, €1,901-2,071/tonne) for non-oil grade 1502, market sources confirmed on Wednesday.
Oil-extended grade 1712 contract prices remained flat at 95-105 cents/lb.
Contract prices for feedstock styrene for September increased an average of 1.5 cents/lb, and styrene producers have already called for increases for the October contract price, which will probably be settled sometime in early to mid-November.
Some sources said contract prices rose slightly on the increase in styrene costs, but that overall the range remained within the ranges posted above.
Feedstock butadiene (BD) contract prices for October rolled over from September. The November BD contract was also a rollover from October.
With the increase in the September styrene contract price earlier in the month, SBR producers’ costs increased. However, with the low level of activity in the market, SBR producers were reluctant to pass on the increased cost, which would have amounted to about 1 cent//lb.
By not sharing the added costs, contract prices were unchanged from September to October.
North American SBR producers include American Synthetic Rubber Co (ASRC), Ashland, Firestone Polymers, Goodyear Tire & Rubber, LANXESS, Lion Copolymer and Negromex.
($1 = €0.77)
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