Acrylonitrile price rolls over in China and Europe

In the fourth week of October, Asian acrylonitrile markers continued to remain flat at US$998-1,000 a ton CFR Far East Asia and US$964-966 a ton Southeast Asia. In China, spots offers remained unchanged.

Firm propylene prices provided more support to acrylonitrile markets that week along with improved downstream buying interest. Asian prices rolled over firmly.

Run rate in ASF producers was down while ABS market remained stable, although prices inched down in some cases.

Buying interest from acrylamide producers picked up slightly, stimulated by better enduser.

In Europe, acrylonitrile contract price dropped slowly in October amid rising cost of ammonia while spot values rolled over.

European acrylonitrile spot price rolled over on the week at US$946-950 a ton CIF Mediterranean.

In US, acrylonitrile domestic assessment was up for the first time since February while export assessment was down.

Export assessment fell further by US$25 a ton FOB USG on the week while domestic assessment was up US cent 0.25 per pound.

Courtesy: Weekly PriceWatch Report