04 July 2011 00:00 [Source: ICB]
ASAHI KASEI LOWERS JULY ACN NOMINATION
Japan's Asahi Kasei has revised its July Far East Contact Price (FECP) nomination for acrylonitrile (ACN) down by $100/tonne (€70/tonne) to $2,650/tonne CFR (cost & freight) Asia basis to reflect the fall in the feedstock propylene price.
US JUNE PTA CONTRACT DECREASES FROM MAY
The June contract price range for purified terephthalic acid (PTA) in the US was assessed at 64.45-64.55 cents/lb DEL (delivered), down by 1 cent/lb ($22/tonne, €15/tonne) from May.
US JUNE BARGE ACETONE FALLS BY 15%
The June US barge acetone contract price was settled at 65.5 cents/lb ($1,444/tonne, €1,011/tonne) DEL barges (delivered via barges), down 15% from May's record settlement of 77 cents/lb.
US JULY MA COULD ROLL ON STEADY FEEDSTOCKS
The US maleic anhydride (MA) market is preparing for July contracts to yield a second consecutive rollover as a result of stable feedstock costs, sources said. June prices are at 87.2-93.2 cents/lb ($1,922-2,055/tonne, €1,345-1,439/tonne) FOB (free on board) USG (US Gulf) for molten material. Prices for feedstock normal butane (n-butane) have hovered at the 180 cents/gal level since mid-May.
EU MAY PTA PRICES FALL IN LINE WITH PX
European May purified terephthalic acid (PTA) prices decreased by €67/tonne ($95/tonne) in line with upstream paraxylene (PX), putting the reference price range at €955-976/tonne FD (free delivered) NWE (northwest Europe). The May PX price fell by €100/tonne from April to €1,150/tonne.
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