HOUSTON--US styrene-butadiene-rubber (SBR) contract prices for January were assessed by ICIS on Wednesday at either a rollover or a slight increase, depending on the starting point.
January SBR contracts settled at 88-98 cents/lb ($1,940-2,161/tonne) FOB (free on board) USG (US Gulf) for non-oil grade 1502 and 83-93 cents/lb for oil extended grade 1712, sources confirmed.
Some saw a slight increase in January contract prices after renegotiations, based on supply tightening expected later this month when Lion Copolymer idles its 130,000 tonne/year plant in Baton Rouge, Louisiana.
Others saw January contract prices roll over from December because there were no significant changes in feedstock costs.
US SBR contracts can be based on US butadiene (BD) contract prices from the previous month or the current month, depending on the producer.
Among the major North American producers of SBR are Ashland, Negromex, Lion Copolymer, American Synthetic Rubber Co (ASRC) and LANXESS, as well as several of the tyre companies that make it for their own use.
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