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Styrene butadiene rubber prices may rise above $4,000/tonne in March

February 23/2011

(ICIS) -- Styrene butadiene rubber (SBR) prices may rise above $4,000/tonne (?2,920/tonne) in March - a record high - in southeast Asia and India if demand continues to exceed supply, SBR producers said on Wednesday.


March spot offers for non-oil grade 1502 SBR have increased to $4,000-4,050/tonne CFR (cost & freight) in southeast Asia and India following trade done at $3,900/tonne CFR in these countries. (please see graph below)


The highest record for non-oil grade 1502 was in July 2008 when prices hit $3,300/tonne CIF (cost, insurance & freight) in China, ICIS data showed.


Natural rubber (NR) and synthetic rubber are used in the production of tyres for the automotive industry and their prices tend to impact and move in tandem with each other, SBR producers said.


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