17 May 2013 23:59 [Source: ICIS news]
The May contract price range was assessed at €1,960-1,973/tonne FD (free delivered) northwest Europe (NWE) on a pre-discounted basis.
The contract settlements were confirmed by the two producers and two buyers involved.
Consumer purchasing power has been eroded by macroeconomic concerns in recent months, reducing consumption of ACN derivatives.
Sources said April was the weakest month so far this year in terms of demand, while public holidays were expected to limit buying interest in May.
In addition, buyers in Asia and the US show little interest in European exports at present.
($1 = €0.78)
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