06 March 2013 23:59 [Source: ICIS news]
LONDON (ICIS)--European March 1500 grade styrene butadiene rubber (SBR) prices have increased by €30/tonne on the low end of the range because of higher feedstock costs, sources said on Wednesday.
The price of 1783 grade SBR dropped by €50/tonne because of a change in price of the oils used to make this type of rubber, a producer said.
The 1500 grade March contract price is €1,860-1,950/tonne ($2,416-2,532/tonne) free delivered (FD) northwest Europe (NWE), while the 1723 grade rolled over at €1,750-1,850/tonne FD NWE. The 1783 grade is at €1,700-1,800/tonne FD NWE.
The market has been long for some time and activity has been subdued, a compounder said. Other than the €50/tonne increase in the price of feedstock butadiene (BD) the market has been stable, it added.
The compounder described tyre demand as poor and non-tyre demand somewhat better but nothing extraordinary. There is no shortage of supply and consumers have a wide range of material on offer.
($1 = €0.77)
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