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Goodyear declared force majeure on styrene butadiene rubber

May 30/2011

(ICIS) -- US-based tyre producer Goodyear declared force majeure on styrene butadiene rubber (SBR) and other butadiene (BD) derivatives because its supplier is short of the monomer, the company said on Friday.

BD is a key feedstock for styrene butadiene rubber (SBR), used to make tyres, belts, hoses and numerous other products.

Domestic BD supply is tight because of an ongoing turnaround by one producer that is expected to last until the middle of June.

Other factors are the sales control from another producer following production issues earlier in the year and limited crude C4 exports from Libya in the first quarter. Crude C4 is the feedstock for BD.

The shortage has driven BD spot prices to the USD 2/lb (USD 4.409/tonne, EUR 3.130/tonne) mark, while contract nominations for the June BD settlement were USD 1.50-1.65/lb, according to ICIS.

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