Europe June AA contract prices flat despite C3 feed price rise

18 June 2014 23:59 Source:ICIS News

LONDON (ICIS)--European June acrylic acid (AA) contract prices have rolled over, despite the €10/tonne increase in the June feedstock propylene contract price, sources said on Wednesday.

Contract prices are at €1,880-1,910/tonne FD (free delivered) NWE (northwest Europe).

This is the second month in a row that AA prices have remained flat, while propylene prices have risen.

The May propylene contract price had also gone up by €10/tonne.

Producers had aimed to recoup costs this month, but stable demand in a well-supplied market thwarted attempts.

AA is used in the manufacture of super absorbent polymers (SAP).

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By Helena Strathearn