30 June 2008 10:44 [Source: ICIS news]
Mitsui has pegged its Asia Contract Price (ACP) for phenol at $1,850/tonne CFR (cost and freight) ?xml:namespace>
The producer also pegged its July ACP for acetone at $1,395/tonne CFR China, inclusive of 7.2% ADD. The June nomination was at $1,455/tonne CFR China, including ADD of 11.9%.
Mitsui has been enjoying lower ADD on acetone since
“We didn’t sell any contract cargoes in June,” said a company official, due to “the big price gap between the nomination and buying ideas”.
In the spot market, July loading phenol cargoes were sold at $1,750/tonne CFR China, including ADD of 6%, the source said.
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