Japan's Asahi hikes July ACN contract nomination by $100/t

30 June 2009 04:45  [Source: ICIS news]

SINGAPORE (ICIS news)--Japanese producer Asahi Kasei Co has increased its July nominated price for acrylonitrile (ACN) by $100/tonne from June due to rising raw material costs, a company source said on Tuesday.

The July Far East Contract Price (FECP) nomination was $1,400/tonne (€994/tonne) CFR (cost and freight) Asia, up $100/tonne from its June FECP of $1,300/tonne CFR Asia.

“We have to cover the production costs as the raw material costs have gone up sharply, with naphtha climbing above $600/tonne and propylene more than $900/tonne,” the source added.

($1 = €0.71)

For more on acrylonitrile visit ICIS chemical intelligence
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By: Helen Yan
+65 6780 4359

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