02 August 2012 03:47 [Source: ICIS news]
It nominated $2,000/tonne CFR (cost & freight)
Cost-push factors and tight supply are the reasons cited by Asahi Kasei for the FECP increase.
“Our margins are in deficit because of high raw material costs, so we have no choice but to increase the August FECP,” the company source said.
Feedstock propylene prices have increased by about $70/tonne since 15 June to $1,340/tonne CFR northeast (NE) Asia in the week ended 27 July, ICIS data showed.
Prices of ammonia – another feedstock for ACN production – also increased by about $50/tonne in the past month to $700/tonne CFR Taiwan in the week ended 27 July, according to ICIS.
Asahi Kasei plans to continue to run its plants at 70% of capacity in August. The plant has been operating at this rate since July, the source said.
The company has two ACN plants in
Its wholly-owned subsidiary, Tongsuh Petrochemical in
($1 = €0.82)
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections