Acrylonitrile markets derived strength from upstream
Related Keywords: acn prices, acrylic fibre prices, acrylonitrile price, propylene price, textile price in china, yarn price in india
Asian propylene prices were firmer in Northeast Asia due to tight supply and demand picking up in downstream sector particularly in the polypropylene market in the week of 4 July. The Asian marker, FOB Korea rose US$15 on the week to be assessed at US$1,394-1,395 a ton. The FOB Japan was pegged at US$1,375-1,377 a ton. Meanwhile, in Europe, chemical-grade propylene prices fell induced by supply glut which has been outpacing demand in recent weeks. Spot was down Euro12 on the week, to Euro1,055-1,060 a ton FD NWE and Euro1,035-1,040 a ton CIF NWE.
Acrylonitrile prices touches 9-month high in Europe, US
Related Keywords: Acrylic fiber price in Asia, acrylic staple fiber price, acrylonitrile price, Acrylonitrile price in Asia, Acrylonitrile price in Europe, Acrylonitrile price in USA, propylene price, Propylene price in Asia, Propylene price in Europe, Propylene price in USA
Acrylonitrile prices rose in Asian markets in the week ended 24 January, tracking higher production costs and tightening supplies. However, trades were scarce amid cautious buying sentiment in the week. In Europe, spot prices for acrylonitrile rose to a nine-month high on tighter supply fundamentals. Meanwhile in US domestic acrylonitrile prices also jumped to a nine-month high on higher feedstock propylene cost. Asian acrylonitrile markers surged US$30-40 with CFR Far East Asia to be assessed at US$1,979-1,981 a ton while CFR South East Asia moved up to US$1,960.
