Europe March acetone MMA settles up €28/tonne at €765.20/tonne

05 March 2010 15:15  [Source: ICIS news]

LONDON (ICIS news)--The European March acetone methyl methacrylate (MMA) contract settlement has been agreed at an increase of €28/tonne ($38/tonne) from February, based on higher propylene costs, a major producer and two major buyers confirmed on Friday.

Following the initial settlement price of €765.20/tonne FD (free delivered) NWE (northwest Europe) between a major producer and one of its customers, a second major acetone consumer confirmed that it, too, had settled at a €28/tonne increase from February.

 “I can confirm the €28/tonne increase,” said the consumer.

Although availability of acetone was tight in Europe because of propylene constraints, major buyers said that they could secure their required volumes.

($1 = €0.74)   

For more on acetone and propylene, visit ICIS chemical intelligence
Read Paul Hodges’ Chemicals and the Economy blog
To discuss issues facing the chemical industry visit
ICIS connect

By: Julia Meehan
+44 20 8652 3214

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index