The September contract price for SBR 1500 grade increased by €10/tonne at both ends of the range and was assessed at €1,290-1,325/tonne FD (free delivered) NWE (northwest Europe).
Contracts for 1700 grades increased by single digits with a smaller cost pass through seen when compared to dry grade material.The September contract price for SBR 1723 grade increased by €5/tonne at both ends of the range and was assessed at €1,235-1,275/tonne FD NWE. SBR 1783 grade increased by €5/tonne at both ends of the range and was assessed at €1,225/tonne-1,265/tonne FD NWE.
The ratio of BD used in SBR production is higher than styrene, so the BD monthly settlement is a key factor in SBR contract negotiations.
Some rollovers were heard on dry grade contracts because of unchanged market conditions despite the recent supply constraints in the upstream BD market.