Europe acetone MMA April contract up €56/tonne to €821/tonne

31 March 2010 17:53  [Source: ICIS news]

LONDON (ICIS news)--The April acetone methyl methacrylate (MMA) contract has been agreed at €821/tonne ($1,095/tonne), up €56/tonne from March, a major contract buyer and seller confirmed on Wednesday.

“I can confirm to have discussed €821/tonne as the European net price for April. It is not what the downstream markets need at this stage but as the European markets seems to be tight on acetone, I had to swallow the bitter pill,” the buyer said.

The buyer added that the downstream MMA market was perceived to be strong but he attributed this to methacrylate supply issues rather than a real pick up in the coatings and automotive industry.

In relation to the April contract price at €821/tonne, the major producer said: "Yes I can confirm it."

The April net acetone MMA contract price settled on a FD (free delivered) NWE (northwest Europe) basis, according to data from global chemical market intelligence service ICIS pricing.

($1 = €0.75)

For more on acetone visit ICIS chemical intelligence
To discuss issues facing the chemical industry go to ICIS connect

By: Julia Meehan
+44 20 8652 3214

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