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Acrylonitrile prices surge in Asia

YarnsandFibers News Bureau 2015-12-17 07:11:16 –

In China, offers for offshore cargoes were up US$40-50 a ton in the first week of December.

Asian acrylonitrile marker the CFR Far East Asia was assessed flat on the week at US$1,049-1,051 a ton while Southeast Asia was at US$929-931 a ton.

Acrylonitrile prices were firm in NE Asia and weak in SE Asia/India that week. Tight supply in Taiwan/China bolsters NE Asian prices while deepsea cargo arrivals depressed prices in SE Asia/India.

In US, acrylonitrile spot rose as supply remained tight. The market monitored feedstock chemical-grade propylene contract price for December, with expectation of an increase.

Domestic demand was stable as supply remained tight. Export prices edged up US$5 a ton on the week.

In Europe, acrylonitrile market sentiment changed on global pressure while feedstock propylene settled at rollover for December.

Acrylonitrile spot prices held steady at US$898-902 a ton CIF Mediterranean.

Courtesy: Weekly PriceWatch Report

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