14 November 2012 23:59 [Source: ICIS news]
LONDON (ICIS)--European November styrene butadiene rubber (SBR) prices have declined by €40-80/tonne ($50-101/tonne) because of lower feedstock butadiene (BD) prices and weak demand, sources said on Wednesday.
The price of 1500 grade SBR is €2,050-2,100/tonne FD (free delivered) NWE (northwest Europe), down by €80/tonne. SBR 1723 grade is at €1,950-2,000/tonne FD NWE, down by €40-50/tonne, while 1783 is at €1,900-1,950/tonne FD NWE, down by €50/tonne.
One trader and one buyer said that demand is exceptionally poor and if a buyer is willing to commit to buy SBR, it can get it at very competitive prices.
Demand from the tyre industry is very poor and this is making the SBR market long. The tyre industry is the largest SBR consumer, and one industrial rubber producer said that SBR producers are now "calling around Europe" offering low-priced SBR which they could not sell to tyre producers.
($1 = €0.79)
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