US MA contracts settles at rollover for December

24 November 2010 22:48  [Source: ICIS news]

HOUSTON (ICIS)--US December maleic anhydride (MA) contracts were confirmed at a rollover of 76.20-82.20 cents/lb ($1,680-1,812/tonne, €1,260-1,359/tonne) from November, market participants said on Wednesday.

The rollovers came amid a lack of producer price initiatives for December and a seasonal lull in downstream unsaturated polyester resins (UPR), producers and consumers said.

The settlements were the sixth consecutive monthly rollover in MA contracts.

Despite the rollover, one major producer has already said there was a chance it would increase contract prices by 1 January, citing high feedstock butane prices.

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

($1 = €0.75)

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