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Focus BD, SBR eye US Memorial Day to boost driving, revive demand
HOUSTON (ICIS)--To say that the US butadiene (BD) and styrene-butadiene-rubber (SBR) markets are in the doldrums would be an understatement. If there is any hope for them to firm up prices, it will be signalled this weekend with the start of the summer vacation driving season in the US, which begins with Memorial Day and lasts through Labor Day.
US BD prices have fallen by nearly 50% in the past 12 months, from a high of 146 cents/lb ($3,219/tonne, €2,479/tonne) in May 2012 to 79 cents/lb.
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VIDEO - ICIS Americas Lunchtime Bulletin 24 May 2013
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