US ACN spot prices rise notionally, could go higher in January

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.

Feedstock supplies could become a problem as PetroLogistics has shut its propylene plant for three weeks for an unplanned outage.

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

($1 = €0.76)

By: Wesley Busch
+1 713 525 2653

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