US Sept ACN contacts rise 1.25-1.45 cents/lb on higher propylene

08 October 2012 20:10  [Source: ICIS news]

HOUSTON (ICIS)--US September acrylonitrile (ACN) contract prices rose by 1.25-1.45 cents/lb ($28-32/tonne, €22-25/tonne), market sources said on Monday.

The rise brought domestic formula-based contacts to 92.21-96.20 cents/lb DEL (delivered).

The ACN contract prices rose after the October chemical grade propylene (CGP) increased by 1.5 cent/lb to 51.50 cents/lb.

Export prices fell to 79.15-82.55 cents/lb FOB (free on board) from 80.42-82.55 cents/lb.

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

($1 = €0.77)

By: Wesley Busch
+1 713 525 2653

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