US acetic acid spot range widens on high end by $40/tonne

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)


By: Lane Kelley
+1 713 525 2653



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

ICIS news FREE TRIAL
Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index