03 March 2011 00:09 [Source: ICIS news]
Correction: In the ICIS story headlined “US Feb acrylates rise 8 cents/lb on tight supply, feedstocks” dated 3 March 2011, please read in the third paragraph … to a range of $1.38-1.43/lb … instead of … $1.38-1.43/tonne …. A corrected story follows.
February acrylates increase initiatives ranged from 6-12 cents/lb, but settlements moderated, bringing gains over the two-month period to about 16 cents/lb, most sources confirmed.
The increase took February glacial acrylic acid (GAA) to a range of $1.38-1.43/lb as assessed by ICIS, from a range of $1.30-1.35/lb in January.
While sharp gains in January feedstock chemical-grade propylene (CGP) helped propel the February initiatives to easy passage, momentum has ended for now, sources said.
US acrylates producers include Dow Chemical, BASF and Arkema.
($1 = €0.73)
For more on acrylic acid and acrylate esters visit ICIS Chemical Intelligence
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