19 October 2012 23:59 [Source: ICIS news]
LONDON (ICIS)--European acrylonitrile (ACN) October contract prices have settled at a reduction of €20/tonne ($26/tonne), buyers and sellers said on Friday.
The fall was the result of a drop in feedstock propylene October contract prices.
The October propylene contract price was agreed down €20/tonne.
An initial ACN settlement was agreed on Friday 12 October, with further support received this week. The settlement was in line with expectations.
The European October ACN contract settled at a pre-discounted level of €2,135-2,163 FD (free delivered) NWE (northwest Europe).
($1 = €0.77)
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