Europe October acetone MMA down €20/tonne on lower propylene

01 October 2012 12:22  [Source: ICIS news]

LONDON (ICIS)--The October European acetone methyl methacrylate (MMA) contract price has been agreed at a decrease of €20/tonne from September on the back of a drop in feedstock propylene, market sources confirmed on Monday.

The price was agreed at €930/tonne ($1,192/tonne) FD (free delivered) NWE (northwest Europe).

Despite reports of tight availability caused by cutbacks in phenol production, a major acetone buyer said it had experienced no problems securing the acetone it needs.

“We have no problems in securing the acetone we need and we don't see the market as tight,” the buyer said.

The October propylene contract price settled at €1,140/tonne FD NWE, also down by €20/tonne from September.

($1 = €0.78)

By: Julia Meehan
+44 20 8652 3214

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