Asian acrylonitrile market witnesses mixed price movements

YarnsandFibers News Bureau 2016-10-06 05:02:08 –

Asian acrylonitrile markers CFR Far East Asia was flat in the third week of September while Southeast Asia declined sharply by US$40 a ton on the week. In China, offers for offshore cargoes were down US$25 a ton on the week.

Acrylonirile price movements in Asia were mixed with Fareast marker flat and CFR South Asia falling dramatically on the week. In China, domestic prices were up despite Shanghai Secco was in process of restarting its new 260,000 ton a year ACN plant next week.

In Europe, acrylonitrile spot prices moved up slightly as market remained short. Russian maintenance also added to the tightness in European market. European acrylonitrile prices were up US$5 a ton CIF Mediterranean on the week.

In US, spot prices were assessed steady for the week, against a backdrop of ongoing tight supply in domestic and overseas markets.

Courtesy: Weekly PriceWatch Report

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