13 July 2009 10:06 [Source: ICIS news]
LONDON (ICIS news)--A second major European acrylonitrile (ACN) producer has confirmed that it has settled all of its July contracts up by €75-85/tonne ($104-118/tonne) from June, a source at the company said late on Friday.
On 10 July, another producer had concluded nearly all of its July contracts at increases of €75-85/tonne, which was confirmed by at least one buyer.
The price rise was attributed to the €85/tonne increase in July propylene prices and tight supply, sources said.
The June ACN contract price was assessed at €1,240-1,250/tonne FD (free delivered) NWE (northwest ?xml:namespace>
($1 = €0.72)
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