23 August 2013 23:59 [Source: ICIS news]
LONDON (ICIS)--European acrylonitrile (ACN) August contract prices have increased by €33-35/tonne ($40-47/tonne), buyers and sellers said on Friday.
The increase was the result of higher feedstock propylene costs. The upstream August propylene contract price rose by €50/tonne. Nevertheless, the propylene rise was tempered by falling prices of ammonia – ACN’s other feedstock – during July.
Some buyers said that they had agreed a contract price increase of €30/tonne, but this could not be confirmed.
The European ACN August contract price was settled on a gross basis at $2,003-2,025/tonne FD (free delivered) NWE (northwest Europe).
($1 = €0.75)
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