Acrylonitrile prices surge amid tight supply in Asia

YarnsandFibers News Bureau 2015-12-31 06:37:07 –

Asian acrylonitrile marker the CFR Far East Asia further surged US$20 a ton in the third week of December.

In China, offers for offshore cargoes were at unchanged at US$1,150-1,200 a ton.

Acrylonitrile markets in Asia continued to remain driven by short supply of prompt cargoes as lower run rates hit supplies.

In China, offers rose amid market concerns about tight availability of prompt cargoes.

In US, acrylonitrile export assessment dropped on the week but market could see upward pressure due to two factors; stronger demand and rising Asian spot prices. Export prices were down US$10 a ton on the week.

European acrylonitrile spot fell due to falling demand as Christmas approached while supply was readily available.

European acrylonitrile prices fell US$65 a ton CIF Mediterranean.

Courtesy: Weekly PriceWatch Report

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