Europe ACN October contract falls €40/tonne on lower feedstocks

18 October 2013 23:59  [Source: ICIS news]

LONDON (ICIS)--The European October acrylonitrile (ACN) contract price has been agreed at a fall of €40/tonne ($54/tonne) from September because of lower feedstock costs, sources said on Friday.

The October propylene contract fell by €40/tonne. Ammonia – ACN’s other feedstock – spot prices in Yuzhny, Ukraine, have fallen by $15/tonne at the lower end and increased by $10/tonne at the top end since the beginning of September.

The initial contract was settled on Thursday 10 October. It received further support from buyers on 11 October.

The European October ACN contract finalised at a pre-discounted level of €2,018-2,040/tonne, on a free delivered (FD) northwest Europe (NWE) basis.

($1= €0.74)

By: Mark Victory
+44 208 652 3214

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