24 October 2011 00:00 [Source: ICB]
truck acetone down on feedstocks
US October truck acetone prices fell by 8% from September levels on sinking feedstock costs. Prices were assessed by ICIS at 59-63 cents/lb ($1,301-1,389/tonne, €937-1,000/tonne) DEL (delivered), not including discounts. Sources said prices started falling once the spot price for US refinery-grade propylene dipped below the 60 cents/lb level seen at the end of September.
US oxo CONTRACTS FALL FOR OCTOBER
The US October contracts for the oxo-alcohols n-butanol, isobutanol (IBA) and 2-ethylhexanol (2-EH) fell from September. Contract prices for n-butanol were assessed for October at 98-100 cents/lb ($2,160-2,205/tonne, €1,555-1,588/tonne) - down 10 cents/lb. IBA registered 123-127 cents/lb, down 5 cents/lb, while 2-EH was assessed at 130-135 cents/lb, also down 5 cents/lb.
Eu OcTOBER ACN down €20-25/tonne
European October acrylonitrile (ACN) contracts have largely settled down some €20-25/tonne ($27-34/tonne) from September, on softened upstream propylene numbers and poor demand. ACN October prices now stand at €2,070-2,093/tonne FD (free delivered) NWE (Northwest Europe).
MEGlobal, SABIC SET NOVEMBER MEG ACP
Monoethylene glycol (MEG) producer MEGlobal has cut its Asian Contract Price (ACP) nomination for November MEG by $70/tonne (€51/tonne) from the October figure, pegging it at $1,380/tonne CFR (cost & freight) Asia. Saudi major SABIC has rolled over its November MEG ACP nomination from October at $1,400/tonne CFR Asia.
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