US Nov MA contracts roll over amid seasonal lull in downstream UPR

09 November 2010 16:24  [Source: ICIS news]

HOUSTON (ICIS)--US November maleic anhydride (MA) contracts have rolled over for November amid a seasonal lull in the downstream unsaturated polyester resins (UPR) market, market participants confirmed on Tuesday.

The November rollover leaves MA contract prices at 76.20-82.20 cents/lb ($1,680-1,812/tonne, €1,210-1,305/tonne) molten FOB (free on board) US Gulf (USG).

Producers said there was still a chance for a price increase by 1 January due to higher butane prices.

MA buyers acknowledged that butane prices had been high, but also noted that there had been no problem in sourcing inventory.

Major US MA producers include Huntsman, Lanxess, Marathon, Flint Hills, and Bartek.

($1 = €0.72)

For more on maleic anhydride (MA) visit ICIS chemical intelligence
To discuss issues facing the chemical industry go to ICIS connect

By: Brian Balboa
+1 713 525 2653

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