North American ACN spot prices rise $25/tonne

27 July 2012 19:54  [Source: ICIS news]

HOUSTON (ICIS)--North American acrylonitrile (ACN) spot prices moved up notionally by $25/tonne (€20/tonne) on Friday.

The spot price range had been $1,600-1,625/tonne FOB (free on board) since the second week of June, and there has been relatively little spot market activity since. The spot price range is now $1,625-1,650/tonne.

There has not been any spot market activity out of the US Gulf for several weeks, but market sources expect that will soon change.

Producers are ramping up production rates they said, as they have been receiving more interest for material. This late in the month not much movement of material typically takes place.

North American produces of ACN include Ascend Performance Materials, Cornerstone Chemicals, INEOS Nitriles and Unigel.

($1 = €0.81)

By: Wesley Busch
+1 713 525 2653

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