Europe July acetone MMA contract rolls over

02 July 2013 11:31  [Source: ICIS news]

LONDON (ICIS)--The European July acetone methyl methacrylate (MMA) contract price has rolled over from June because market fundamentals remain unchanged, sources said on Tuesday.

The July acetone MMA contract price settled at €870/tonne ($1,130/tonne) FD (free delivered) NWE (northwest Europe).

“We have agreed to apply a roll over, thus [acetone] MMA net is €870/tonne,” a major producer said.

The producer added that securing large volumes of acetone was still “tricky” but the market had lengthened when compared with previous months. It also described its own stock position as “short”.

A major buyer of acetone said that since the July propylene contract price was stable from the previous month and market conditions were “more or less” unchanged, it accepted the rollover.

($1 = €0.77)

By: Julia Meehan
+44 20 8652 3214

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