Europe spot ACN deals up $25-55/tonne from last business

13 July 2009 11:29  [Source: ICIS news]

LONDON (ICIS news)--A major acrylic fibre producer has bought a spot cargo of acrylonitrile (ACN) at a price up $25-55/tonne (€18-40/tonne) from the last done business, a source at the company confirmed on Monday.

The major European ACN producer agreed a price of $1,275/tonne CIF (cost, insurance and freight) WE (western Europe) with a buyer in the Mediterranean, the source said.

Prices were last assessed at $1,220-1,250/tonne CIF WE, according to global chemical market intelligence service ICIS pricing.

Prices for ACN have firmed in recent weeks due to tight supply, healthy fibres demand, higher feedstock costs and rising ACN prices in Asia, according to market sources.

($1 = €0.72)

For more on acrylonitrile visit ICIS chemical intelligence
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By: Mike Nash
+44 20 8652 3214

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