Initial US MMA acetone settles for March

10 March 2009 15:42  [Source: ICIS news]

HOUSTON (ICIS news)--A major US methyl methacrylate (MMA) acetone buyer settled its March contracts for 28.5 cents/lb ($628/tonne, €496/tonne) with a major supplier, the players said on Tuesday.

The buyer’s March price is up 0.5 cents/lb from its February settlement of 28 cents/lb.

The February large-buyer price has not become industry-wide yet, as some of the major parties remained in negotiation. Initial settlements put the February price at 28-30 cents/lb.

Sellers have been pushing for increases due to higher propylene costs from January and tight supply.

Producers continue to run at rates below 50% due to weak demand for co-product phenol. This has resulted in tight supply for acetone.

January’s large-buyer price for acetone settled at 22 cents/lb, according to global chemical market intelligence service ICIS pricing.

Major acetone buyers include Lucite, Evonik and Rohm and Haas. Dow Chemical, Georgia Gulf, INEOS, Shell and Sunoco are among the major sellers.

($1 = €0.79)

For more on acetone visit ICIS chemical intelligence
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By: Heather McGuire Doyle
+1 713 525 2653



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