16 August 2011 17:46 [Source: ICIS news]
HOUSTON (ICIS)--US maleic anhydride (MA) contract prices will likely stay flat from August to September on steady market fundamentals, sources said on Tuesday.
The MA producer said butane prices in the mid-to-upper 180s cents/gal in August would justify the rollover. The source viewed supply as balanced to snug.
Prices for feedstock normal butane, or n-butane, plunged last week to the low 170s cents/gal, following the collapse of crude and liquefied petroleum gas markets, and then later recovered to the mid-180s cents/gal.
One butane trader said the n-butane supply was considered stable, but n-butane prices would remain sensitive to the direction of crude oil prices.
Major US MA producers include Flint Hills Resources, Huntsman, LANXESS and Ashland.
($1 = €0.69)
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