15 February 2012 16:21 [Source: ICIS news]
LONDON (ICIS)--European maleic anhydride (MA) producer Sasol-Huntsman has declared force majeure at its 105,000 tonne/year plant in ?xml:namespace>
Sasol-Huntsman was forced to declare force majeure last week, although an exact date for the outage could not be confirmed.
The force majeure has been caused by a raw material supply disruption resulting from severe weather conditions in
Sasol-Huntsman is the largest supplier of MA in
Last week, spot material was trading at €1,350-1,500/tonne FD NWE.
If the €1,800/tonne FD NWE price becomes more widely confirmed, this would be the largest spot price change week-on-week, with spot prices having risen €300-450/tonne.
This would also be the highest percentage change in spot prices week-on-week, at a rise of 20-33%, since ICIS price records for MA began on 17 November 1999.
The current record high week-on-week spot price change is €200/tonne, which was seen at the top-end of the price range on 5 November 2004.
The current record high week-on-week percentage change in price was 10-14%, seen on 22 September 2000.
The record high spot price for MA in
($1 = €0.76)
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