US MA 3-cent price hikes implement for January contracts

10 January 2011 23:57  [Source: ICIS news]

HOUSTON (ICIS)--US maleic anhydride (MA) contracts rose by 3 cents/lb ($66/tonne, €51/tonne) to 79.20-85.20 cents/lb for January as a result of rising feedstock costs, sources said on Monday.

Buyers confirmed that the 3 cent/lb increase was fully accepted in the market.

MA producers cited rising feedstock butane prices as the reason behind the increase.

Butane prices began to rise near the end of November through December and traded as high as 170s cents/gal, compared to prices in the 140s cents/gal in May.

 

A major US MA producer said the January price increase, effective 1 January, was firm and the producer was invoicing its customers with the increment.

 

MA is an intermediate chemical often used to make unsaturated polyester resin, a material produced for the construction and automotive industries.

 

US chemical producer Reichhold has already announced a 10 cent/lb price increase on Monday on all North American unsaturated polyester and vinyl ester resins based on stronger feedstock MA prices.

 

The resins increase is effective for all orders shipped on or after February.

 

The last price hike for the US MA market took place in June, when it rose by 4 cents.

 

Major US MA producers include Ashland, Huntsman, Lanxess and Flint Hills Resources.

 

($1 = €0.78)


For more on maleic anhydride, visit ICIS chemical intelligence
To discuss issues facing the chemical industry, go to ICIS connect
Paul Hodges studies key influencers shaping the chemical industry in Chemicals and the Economy 


By: Ruth Liao
+1 713 525 2637



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