Asian ACN prices further surged US$50 a ton CFR Far East Asia in the third week of January while Southeast Asia gained US$60 a ton on the week. In China, offers for offshore cargoes jumped US$50 a ton on the week. In India, ACN prices were held stable during the week.
Acrylonitrile prices in Asia hit 2-month high on tight supply as demand was healthy amid firm downstream ABS. In China, downstream demand was stable with ASF makers running at high capacity, with prices firming in spite of insipid demand. ABS sentiment improved a bit, with producers run rate at 84%.
In Europe, acrylonitrile prices rebounded significantly following the December slump and on demand from fiber producers. Global prices rise also helped lift spot prices. European acrylonitrile spot rebounded US$100 a ton CIF ARA on the week.
In US, acrylonitrile spot jumped with global gains and possible shipment to Asia. January propylene contract nomination also supported spot markets. Acrylonitrile export assessment surged US$50 a ton FOB USG on the week.
Courtesy: Weekly PriceWatch Report
In May 2020, nylon filament yarn prices were talked up amid climbing prices in the upstream CPL and nylon chip…
In May 2020, polyester filament yarn prices recovered in China supported by higher prices in the polyester staple fibre markets.
Viscose staple fibre prices in April were mostly down in the Asian markets of China, India, and Pakistan. In China,…
Feedstock, propylene prices in Asia fell in April amid historic lows in the crude oil and naphtha markets that month.…
Nylon or polyamide chip markets slumped in March amid weakening prices in the raw material CPL markets while downstream buying…
In March 2020, polyester staple fiber (PSF) prices declined month-on-month in China as demand was weak and supply was abundant.…