08 April 2011 22:39 [Source: ICIS news]
HOUSTON (ICIS)--US spot acrylonitrile (ACN) prices continued to rise on Friday, sources said, as supply tightened following a force majeure (FM) and a plant shutdown.
Deals were heard at $2,880/tonne (€2,016/tonne) FOB (free on board) from North America to a European acrylic fibre (AF) producer, and $2,890/tonne FOB from ?xml:namespace>
The deals pushed the US Gulf (USG) spot market assessment on the high end to $2,750-2,900/tonne FOB, up from $2,750-2,800 a day earlier, according to market sources.
A producer also said a deal was done above $3,000/tonne for delivery in
Another factor contributing to higher prices is the expected settlement of the
Major US ACN producers are Ascend Performance Materials, Cornerstone and INEOS Nitriles.
($1 = €0.70)
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