+917718880355

Insights

Acrylonitrile prices remain range bound in Asia, US

YarnsandFibers News Bureau 2016-11-03 04:11:54 –

Asian acrylonitrile markers, the CFR Far East Asia remained flat again in the third week of October while Southeast Asia rolled over on the week. In China, offers for offshore cargoes remained range bound during the week.

Acrylonitrile prices in Asian markets were flat for the fourth consecutive week after they surged dramatically end-September. Meanwhile, term contract discussions for 2017 began while Mitsubishi Rayon’s ACN plant will restart in early November.

In US, no change was heard in pricing indications as talks in the market were that upcoming October propylene settlement will move lower, which in turn could cause ACN domestic and spot prices to fall. However, the effect on spot pricing would be gradual, due to a lack of trading activity.

European acrylonitrile prices were flat on the week, with no fresh indications of change in coming weeks.

Courtesy: Weekly PriceWatch Report

Please Login to comment

Market Intelligence

Ask for free sample Report


why us?
21 yrs

experience

Fortune 500

Customer Base

100%

dedicated team

55+

Countries Served Worldwide


newsletter

Register below to receive our newsletters with latest industry trends and news!