07 January 2011 04:01 [Source: ICIS news]
By Heng Hui
Spot prices of ADA were assessed at $2,650-2,700/tonne (€2,041-2,079/tonne) CFR (cost & freight) northeast (NE) Asia on 5 January, unchanged from December 2010 levels, ICIS data showed.
The product’s prices had risen steadily from around $1,950-$2,000/tonne in January 2010 on the back of strong demand from the downstream nylon and polyurethane (PU) industries, and tight ADA supply, which was due to the low run rates in that sector.
Market players said
Regional demand for
Asia’s production capacity of around 1m tonnes/year of
Adding to that capacity is
In addition, Chinese producer Shanxi Yangmei Fengxi Fertilizer Industry is expected to run its new 100,000 tonne/year
As a result,
The country accounts for the majority of Asia’s
However, a major Asian producer told ICIS most of the
On the other hand, feedstock benzene costs have been hovering at around $800-1,000/tonne FOB (free on board)
The balance of the demand and supply fundamentals should help to keep
($1 = €0.77)
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