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US October contract prices for SBR down 24 cents/lb

November 17/2011

(ICIS) -- US October contract prices for styrene butadiene rubber (SBR) were assessed on Wednesday down 24 cents/lb ($529/tonne, ?391/tonne) from September on lower feedstock costs and demand. ICIS assessed October contract prices for non-oil grade 1502 at 154-161 cents/lb, while oil-extended grade 1702 prices were at 132-140 cents/lb.

Spot prices were also assessed down. The spot prices are now 15 cents/lb lower as feedstock costs and demand have driven down prices. Spot prices were assessed at 145-160 cents/lb for non-oil grade 1502 and 130-140 for oil-extended grade 1702.

October contract prices, which trail a month behind the calendar, fell because feedstocks costs for butadiene (BD) and styrene dropped.

BD contract prices were 30 cents/lb lower in October than September, while styrene contract prices decreased an average of 7.5 cents/lb. The October SBR contract price drop was the second consecutive monthly decrease.

Perspectives of development of polymer markets, pricing issues and other important aspects will be discussed at The Polymers Summit-2011, which will be held in Moscow on November 30, 2011 at the Ritz Carlton Hotel. The Summit will be organized by MRC with the support of ICIS. The main idea of the Summit is to find a "the golden mean" between producers and converters. When producers receive exactly such margin of production, which helps them to invest in production expansion in order to substitute polymers imports, and the converters receive such price of feedstock that helps them to compete imported finished products. The Summit site gives an access to the live video of the Summit, speakers" presentations, as well as opportunities to ask questions or make appointments to any Summit partcipant.

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