21 December 2012 18:47 [Source: ICIS news]
HOUSTON (ICIS)--US acrylonitrile (ACN) spot prices rose notionally to $1,700-1,825/tonne (€1,292-1.387/tonne) as producers outlined their costs and rejected bids, sources confirmed on Friday.
Spot prices had been $1,575-1,625/tonne.
Finding a seller may be difficult until next year as many are away for the holidays.
Producers are eyeing higher prices in January, believing they will be at $1,900-2,000/tonne or higher.
ACN producers anticipate January’s demand levels to be on par with those in August and September.
North American producers of ACN include Ascend Performance Materials, Cornerstone Chemicals, INEOS Nitriles and Unigel.
($1 = €0.76)
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