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Home > Oil Gas News > ICIS LOR Launches Styrene Butadiene Rubber (SBR) Price Report
ICIS-LOR Launches Styrene Butadiene Rubber (SBR) Price Report
Houston, TX (PRWEB) October 15, 2005 -- ICIS-LOR, the global market pricing and intelligence service for the oil and chemical industries, has launched a new price report covering the U.S. market for Styrene Butadiene Rubber(SBR).
Launched in response to industry demand, the weekly SBR report offers spot and contract price assessments for oil-extended and non-oil grades in the U.S. Gulf. It provides vital market insight on the supply and demand balance, commentary on new projects and production news and information on feedstocks and derivatives markets.
“There has never been a more important time to receive independent and unbiased pricing information on SBR, as the market continues to experience price volatility and tight demand,” said Stephen Burns, managing editor for ICIS-LOR and ICIS news in the Americas.
SBR markets have experienced an increase in spot prices after Hurricanes Katrina and Rita hit the U.S. Gulf last month. Major petrochemical plants and refineries had to shut down during the storms and the resulting production shortfalls have prompted U.S. buyers to import SBR from Europe and Asia.
The new ICIS-LOR report offers a new pricing benchmark in the U.S. SBR market. “We are delighted to be able to extend our coverage as ICIS-LOR is committed to providing the industry with accurate price assessments and business critical market information,” said Allison Farone, VP of Sales.
The SBR (U.S. Gulf) report complements the existing ICIS-LOR chemical products portfolio. The pricing service already covers SBR markets in Europe and Asia.
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