US Feb MA contracts roll over on steady feedstocks

01 February 2011 22:01  [Source: ICIS news]

HOUSTON (ICIS)--US maleic anhydride (MA) February contracts settled at a rollover from the previous month on stable feedstock prices, sources said on Tuesday.

The rollover was in line with market expectations after price nominations did not emerge from suppliers for February contracts.

Buyers and producers confirmed that contract prices remained flat from January.

One supplier said stable feedstock butane prices kept the contract at a rollover for February.  

The MA contract for February was assessed for molten-grade material at 79.20-85.20 cents/lb ($1,746-$1,878/tonne, €1,275-1,371/tonne) FOB (free on board) US Gulf.

A 3 cent/lb increase was implemented for January contracts, the first price hike seen in the MA market since June 2010.

Producers cited rising feedstock butane costs as the reason behind the January increase.

MA is an intermediate chemical that is used in a variety of applications, including the production of unsaturated polyester resins, which are used in fibreglass found in automobiles and leisure boats.

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

($1 = €0.73)

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

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