26 October 2012 04:42 [Source: ICIS news]
“Market conditions are very weak and we will consider reducing the operating rate further to below 80% of capacity in November,” the source said.
The plant is currently running at 95% of capacity, the source said.
ACN prices have been falling because of weak demand and oversupply, industry sources said.
Traders have been offloading excess stocks from Europe and the
In the week ended 19 October, ACN prices were at $1,700-1,900/tonne (€1,309-1,463/tonne) CFR (cost and freight) northeast (NE)
($1 = €0.77)
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