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Spot prices for US SBR are pushed down this month

September 22/2011

(ICIS) -- Softening demand, lower feedstock costs and imports pushed down spot prices for US styrene butadiene rubber (SBR) this month, market participants said on Wednesday. SBR spot ranges for non-oil grade 1502 and oil-extended grade 1712 dropped by 5 cents/lb (USD 110/tonne, EUR 80/tonne) FOB (free on board) USG (US Gulf) from August. September SBR spot ranges for non-oil grade 1502 were 185-200 cents, while oil-extended grade was 170-180 cents/lb.

Concerns about the global economy and plummeting feedstock values have kept buyers on the sidelines, a producer said.

Buyers will continue to delay purchases if butadiene (BD) prices continue to slide and could push SBR values even lower, the producer said.

The recent softening in BD spot prices, which in September snapped a nine-month uptrend in the US market, is pointing to a major reduction in October, sources said, predicting a two-digit fall for the US contract.

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