27 June 2013 17:51 [Source: ICIS news]
HOUSTON (ICIS)--A Mexican producer of acrylonitrile (ACN) will shut down on 4 July for maintenance and be down for about 10-12 days, market sources said.
The outage could be a boost for ACN prices, which have been rising slowly on tight supply rather than increased demand, sources said.
Over the past few weeks, the spot price for ACN has risen from $1,600/tonne (€1,232/tonne) to about $1,700/tonne for the week ended 21 June. Based on an ICIS assessment of market sources, the spot price is expected to rise to $1,725/tonne this week.
US acrylo producers include Ascend Performance Materials, Cornerstone and INEOS.
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