US September formula-based ACN contracts rise slightly on ammonia

01 October 2011 00:02  [Source: ICIS news]

HOUSTON (ICIS)--US formula-based September acrylonitrile (ACN) contracts rose slightly over August because of higher costs in feedstock ammonia, sources said on Friday.

The September ACN domestic contract price was assessed by ICIS at $1.1470/lb–1.1860 ($2,528.68–2,614.66/tonne, €1,871.22–1,934.85/tonne) DEL (delivered).

That compares with an August price of $1.1475–1.1824/lb.

Among ACN feedstocks, September propylene settled flat while ammonia strengthened.

Ammonia pricing has been rising because of increased demand from the industrial and agricultural markets.

Domestic ACN demand is weak but stable, producers said.

The September domestic ACN prices marked the second consecutive month that prices increased.

Meanwhile, export contract prices fell in September by more than 4%.

Major US producers of ACN include Ascend Performance Materials, Cornerstone Chemicals and INEOS Nitriles.

($1 = €0.74)

By: Wesley Busch

For more on ACN visit ICIS chemical intelligence

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