Acrylonitrile price gains in Asia and US

YarnsandFibers News Bureau 2015-12-03 03:31:33 –

Asian acrylonitrile markers climbed further US$10-30 a ton CFR Far East Asia in the third week of November while India FOB was at US$950-1,050 a ton.

The Southeast Asia was up at US$954-956 a ton. In China, offers for offshore cargoes rose to US$1,100 a ton.

Acrylonitrile was dearer across the Asian markets that week amid a dearth of supply and tight China supply triggered surge.

Deepsea cargoes availability however, curbed hike in prices in SE Asia and India.

European acrylonitrile spot prices fell on week as imports from US kept flowing dominating spot market. Acrylonitrile spot prices shed US$50 a ton CIF Mediterranean on the week.

In US, acrylonitrile domestic assessment was up on the week following settlement of the November chemical grade propylene prices and tight supply.

Acrylonitrile domestic assessment was up US cent 0.75 per pound delivered.

Export prices were flat on the week to an assessment of US$820-830 a ton.

Courtesy: Weekly PriceWatch Report

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