16 August 2013 17:48 [Source: ICIS news]
LONDON (ICIS)--An initial European acrylonitrile (ACN) August contract price has been agreed at an increase of €35/tonne because of higher feedstock costs, the buyer and seller involved confirmed on Friday.
Although the initial ACN contract settlement received further support from another buyer, negotiations are ongoing, with several consumers aiming to limit contract price increases to €30/tonne.
Buyers argue that ammonia cost falls and limited ACN demand in Europe do not support contract price hikes of €35/tonne.
($1 = €0.75)
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