03 January 2012 18:03 [Source: ICIS news]
The December contract rates for domestic ACN have a range of 91.87–96.01 cents/lb ($2,025–2,117/tonne, €1,559–1,630/tonne) DEL (delivered), with export contracts at 74.50–77.45 cents/lb FOB (free on board).
The December contract ranges, which average 93.94 cents/lb DEL for domestic and 75.98 cents/lb FOB for export, are derived after the month has concluded and involves various aspects in addition to the feedstock costs, such as supply and demand.
The November contract rates were 95.72–99.75 cents/lb DEL for domestic, with an average of 97.74 cents/lb, and export was 77.45–81.65 cents/lb FOB, with an average of 79.55 cents/lb.
Export FOB spot prices for December were $1,665–1,750/tonne during the first part of the month and $1,620–1,665/tonne for the latter part.
For the month of December, the average was $1,675/tonne. The previous low average was in November 2009 when the average was $1,543.75/tonne.
The domestic December contract rates are the lowest, on average, since December 2010 when the rates were 85.62-89.54 cents/lb, an average of 87.58 cents/lb.
Before December 2010, the lowest domestic ACN contract rates were in November 2009, when the rates were 72.09-76.01 cents/lb, for an average of 74.05 cents/lb.
The export FOB December contract rates for ACN are the lowest since November 2009, when the rates were 70.16-71.82 cents/lb, an average of 70.99 cents/lb.
According to ICIS data, US producers of ACN include Ascend Performance Materials, Cornerstone Chemical and INEOS Nitriles. The US producers have a combined capacity of 1,462,250 tonnes/year.
For more on ACN visit ICIS chemical intelligence
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