02 April 2013 23:35 [Source: ICIS news]
HOUSTON (ICIS)--US acetic acid FOB export prices widened on the high side as April began, suggesting at least partial acceptance of producer increases.
US acetic acid spot prices rose to $650-740/tonne (€507-577/tonne), from $650-700/tonne previously, according to market sources.
A seller said the higher end of the range proved that the market was snug, adding that one large producer had no spot material available for April.
Another source said that if buyer interest was any indication, hikes proposed by LyondellBasell and Celanese might see at least partial acceptance.
Major US acetic acid sellers include BP, Celanese, LyondellBasell and Eastman Chemical.
($1 = €0.78)
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