02 October 2013 23:59 [Source: ICIS news]
LONDON (ICIS)--European October styrene butadiene rubber (SBR) monthly contract prices have risen by €20-50/tonne ($27-68/tonne) because of increased butadiene (BD) costs, sources said on Wednesday.
The price of 1500 grade SBR settled at €1,420-1,490/tonne ($1,919-2,014/tonne) FD (free delivered) NWE (northwest Europe), while 1723 grade settled at €1,320-1,370/tonne FD NWE, an increase of €50/tonne on the low end and an increase of €20/tonne on the higher end.
Meanwhile, SBR 1783 grade settled at €1,280-1,350/tonne FD NWE, an increase of €50/tonne on both the low and the high end.
The October BD contract price settled at €825/tonne FD NWE, an increase of €50/tonne from September.
SBR producers said they would pass on the increased BD costs, despite the €92/tonne decrease for October styrene because of improved export opportunities into Asia.
($1 = €0.74)
Follow Samuel Smith on Twitter @SamuelgICIS
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