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%.