Acrylonitrile prices rolls over in Asia after recent drops

Asian acrylonitrile markers rolled over in the second week of October. In China, spots offers also remained unchanged.

Acrylonitrile prices were flat in Asian markets after plunging in the previous week. In China, almost all major producers offered flat this week.

Downstream demand was lukewarm as run rate in ASF producers was close to 100 per cent.

ABS market remained weak given lusterless demand, and prices dropped for some specs.

Acrylamide producers ran with reduced rates on poor end user demand and thin trades.

In US, export assessment plunged sharply as domestic demand waned and export opportunities were negligible. Export assessment tanked US$75 a ton FOB USG on the week.

In Europe, acrylonitrile spot price declined US$20 a ton CIF Mediterranean on the week following October propylene settlement down Euro110 a ton.

European prices also declined on weak demand and poor cost support. Acrylonitrile markets are likely to remain range-bound in coming week.

Courtesy: Weekly PriceWatch Report

Recent Posts

Nylon or polyamide markets move up amid modest demand

In May 2020, nylon filament yarn prices were talked up amid climbing prices in the upstream CPL and nylon chip…

4 years ago

Polyester fiber, yarn prices firmer amid a rebound in PTA and MEG markets

In May 2020, polyester filament yarn prices recovered in China supported by higher prices in the polyester staple fibre markets.

4 years ago

Viscose or rayon markets continue to weaken in Asia

Viscose staple fibre prices in April were mostly down in the Asian markets of China, India, and Pakistan. In China,…

4 years ago

Acrylic fiber prices slip amid low acrylonitrile and propylene costs

Feedstock, propylene prices in Asia fell in April amid historic lows in the crude oil and naphtha markets that month.…

4 years ago

Nylon or polyamide markets slump on lackluster sentiment

Nylon or polyamide chip markets slumped in March amid weakening prices in the raw material CPL markets while downstream buying…

5 years ago

Polyester prices nosedive to multi-year lows across the world

In March 2020, polyester staple fiber (PSF) prices declined month-on-month in China as demand was weak and supply was abundant.…

5 years ago