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 ?xml:namespace>
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
($1 = €0.74)
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