US acrylonitrile Sept export, domestic contract prices drop

27 September 2013 18:20  [Source: ICIS news]

HOUSTON (ICIS)--US acrylonitrile (ACN) monthly contract prices dropped, according to a market assessment by ICIS.

The September domestic contract range is 99.09-103.11 cents/lb ($2,185-2,273/tonne, €1,617-1,682/tonne), a decline of 41-46 cents/lb. The range for the US September export contract is 77.68-78.81 cents/lb, a decline of 2.70-3.06 cents/lb.

The monthly acrylo contract prices were affected by the average price for feedstock NOLA ammonia, which saw its cost rise by $14/tonne, but that was offset by a larger decline in the monthly average of ACN spot prices, which fell from a range of $1,772-1,805/tonne to $1,712.5-1,737.5/tonne, or a difference of $59.50-67.50/tonne. Also, feedstock propylene was flat.

ACN spot prices rose this week, with several deals heard done in the $1,775-1,825/tonne range, although sources said that the higher-priced deals were not reflective of the general market. As such, the ICIS spot range this week is assessed at $1,775-1,825/tonne.

ACN supply remains tight as two of the four major North American producers were not operating at full capacity this week. The 545,000 tonnes/year ACN plant at Green Lake, Texas, operated by INEOS is just coming off of a scheduled closure for maintenance and is still ramping up. The jointly operated Pemex/Unigel plant in Mexico has halted production because of a propylene supply issue, sources said.

($1 = €0.74)

Author: Mark Yost

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