03 July 2013 17:52 [Source: ICIS news]
HOUSTON (ICIS)--The July contract price for styrene-butadiene-rubber (SBR) has dropped 10 cents/lb ($220/tonne, €169/tonne), sources said on Wednesday, in line with key feedstock butadiene (BD) and the continued global depression in the replacement-tyre market.
The July contract price for SBR non-oil grade 1502 ranges from 100.50-110.50 cents/lb, sources said, down 10 cents from the previous month. The monthly contract price for oil extended grade 1712 also dropped by 10 cents/lb to a range of 83.50-93.50 cents/lb.
Spot prices also fell in line with the contract price and lower feedstock costs. The current spot price range for SBR 1502 is 85-90 cents/lb, while the spot range for SBR 1712 is 77-82 cents/lb.
The July contract for US BD fell last week by 8 cents to 66 cents/lb. Weak natural rubber prices in ?xml:namespace>
NR and SBR are substitutes for each other in the production of tyres for the automotive industry, and their prices tend to impact each other.
The replacement-tyre market, which accounts for about 80% of SBR use, has been in a worldwide slump.
Goodyear has said it sold 1m fewer tyres in
($1 = €0.77)
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