Europe ACN May contract prices rise €25/tonne on feedstock costs

23 May 2014 23:59 Source:ICIS News

LONDON (ICIS)--European acrylonitrile (ACN) May contract prices have settled at an increase of €25/tonne because of feedstock cost rises, buyers and sellers involved confirmed on Friday.

Contract negotiations were protracted in May because of a divide between buyers and sellers and the Easter holiday period.

The May propylene contract price rose by €10/tonne, representing an €11/tonne propylene-related production cost increase at the broadly accepted production ratio of 1.1 tonnes of propylene to 1 tonne of ACN.

The May ACN contract price finalised at €2,091-2,111/tonne FD (free delivered) NWE (northwest Europe).

By Mark Victory