US July domestic ACN contract prices dip on feedstock decline

17 August 2012 21:39  [Source: ICIS news]

HOUSTON (ICIS)--US July acrylonitrile (ACN) contract prices for domestic delivery fell slightly month on month as a result in a decline in feedstock costs, sources said on Friday.

Domestic customers will see a contract price range of 88.86-92.50 cents/lb DEL ($1,959-2,039/tonne) (€1,587-1,652/tonne), down from 88.89-92.57 cents/lb in June.

The slight price dip was the result of a decline in feedstock propylene contract prices, mostly muted by a small increase in ammonia costs.

Export contract customers, on the other hand, will see a range of 72.86-73.99 cents/lb FOB (free on board), a 1.9-2.3% increase over the June price range of 71.21-72.58 cents/lb.

The increase in the export contract price range is because of higher ACN spot prices in July.

The contract prices are formula-based and are derived after the month ends.

North American producers of ACN include Ascend Performance Materials, Cornerstone Chemical, INEOS Nitriles and Unigel.

($1 = €0.81)

By: Wesley Busch
+1 713 525 2653

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