27 March 2011 23:43 [Source: ICIS news]
SAN ANTONIO, Texas (ICIS)--US-based carbon fibre producer Zoltek is expected to start up its plant in Mexico within the second quarter, a source said Sunday on the sidelines of the International Petrochemical Conference (IPC).
The fibre plant is expected to start out consuming a small amount of ACN because of low running rates, but will then increase its consumption.
This is expected to further shrink the US Gulf ACN spot market, although it will not remove any spot players.
Currently, ACN out of US Gulf is assessed by ICIS at $2,650-2,700/tonne (€1,882-1,917/tonne) FOB (free on board).
Hosted by the National Petrochemical & Refiners Association (NPRA), the IPC continues through Tuesday.
($1 = €0.71)
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