Asian ACN prices surged US$5-20 a ton CFR Far East Asia in the last week of January while Southeast Asia gained US$5 a ton on the week. In India, ACN prices held stable at lower end during the week.
Acrylonitrile prices surged again that week on tighter supply and rising feedstock propylene cost. However, weakening demand for downstream acrylic fiber limited the hike. Asian prices rose slow towards holiday period as ABS sentiment improved a bit while acrylamide prices remained unchanged.
In US, acrylonitrile spot rose on global tightness and supported by the significantly higher January propylene settlement. US acrylonitrile export assessment surged US$135 a ton FOB USG while spot prices were up US$100 a ton FOB US Gulf on the week.
In Europe, acrylonitrile fundamentals continued to support price rise with the rise in feedstock expectations.
Courtesy: Weekly PriceWatch Report
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