Asian ACN markers jumped US$60-90 a ton CFR Far East Asia and Southeast Asia in the first week of June. In China, offers for offshore cargoes shot up on the week.
Acrylonitrile prices across markets jumped week on week amid tight supply, although propylene prices were a bit subdued.
In Asia, ACN price rose sharply as availability shrunk with no arbitrage cargoes heard offered in the market. In China, spot price moved higher, but capped by lukewarm downstream demand.
The CFR Far East Asia marker gained US$10 a ton in the last week of May while Southeast Asia was up US$15 a ton.
In China, offers for offshore cargoes shot up US$70 a ton CFR China on the week.
Acrylonitrile prices rose across the Far East Asia, Southeast Asia and South Asia markets amid dearth of supply.
Tight supply in China triggered price hike while deepsea cargoes stem sharper hikes in SEA/India. In China, spot prices continued to march north while Sinopec raised offer for eastern China market.
European acrylonitrile spot prices were assessed at US$1,008-1,012 a ton CIF Mediterranean, an increase of US$30 in the third week of May. European acrylonitrile hit 8-month high on lack of availability while demand for imports in Asia was rising.
In US, spot supply was tight due to some production outages from late Q1 into Q2, but those have now been resolved. Spot was also supported by the global upticks. US acrylonitrile export assessment gained another US$30 a ton FOB USG on the week.
Asian acrylonitrile marker, the CFR Far East Asia gained another US$15 a ton in the second week of May while Southeast Asia was up US$29 a ton. In China, spot prices inched up on the week.
Acrylonitrile prices in Asia further headed north as supply remained tight in due to several turnarounds. Thai PTT plant went offline from 10 May for a month shrinking supply in the region.
The acrylonitrile markers gained US$20 a ton CFR Far East Asia and Southeast Asia in the last week of April.
In China, offers for offshore cargoes were up US$40 a ton CFR China on the week. Prices for deep‐sea cargoes were below that level.
Acrylonitrile prices in Asian markets rose on the week as supply was still tight with few deepsea offers. Upstream, propylene cost was also on the rise supporting downstream sector.
Prices continued to track higher across all markets. In China, spot prices held firm that week and majors offered flat.
The acrylonitrile markers gained US$20 a ton CFR Far East Asia and Southeast Asia in the third week of April. In China, offers for offshore cargoes were up US$20 a ton on the week. Prices for deep‐sea cargoes were below that level.
Acrylonitrile prices in Asian markets rose for the second consecutive week on tight supply, which led to renewed buying interest from buyers and firmer cost support.
In China, downstream demand picked up a bit as run rate at ASF producers was close to 100% while acrylamide prices held flat amid mild demand.
The acrylonitrile markers gained US$20 a ton CFR Far East Asia and Southeast Asia in the second week of April. In China, offers for offshore cargoes were up US$20 a ton on the week. Prices for deep‐sea cargoes were below that level.
Acrylonitrile prices in Asian markets rose for the second consecutive week on tight supply, which led to renewed buying interest from buyers and firmer cost support. In China, downstream demand picked up a bit as run rate at ASF producers was close to 100% while acrylamide prices held flat amid mild demand.
Asian acrylonitrile marker, the CFR Far East Asia rolled over in the last week of March while Southeast Asia was steady. In China, sporadic offers for offshore cargoes were at US$930-950 a ton CFR China, but buyers were noncommittal to deep‐sea cargoes due to long freight period.
Acrylonitrile prices in Asian markers were steady for the second consecutive week amid thin trading as buyers were on the sidelines, awaiting overseas offers. Sell ideas for cargoes were up on high feedstock cost. In China, spot prices saw up and down that week underpinned by response to low domestic values.
Asian acrylonitrile marker, the CFR Far East Asia was flat in the fourth week of March while Southeast Asia rolled over during the week. In China, sporadic offers for offshore cargoes were down, but buyers were mainly on the sideline.
Acrylonitrile prices in Asian markets remained unchanged in a thinly traded and holiday shortened week. Upstream propylene markets also held steady while market participants were at US conference. In China, prices inched down that week as some suppliers lowered their offers.
Asian acrylonitrile marker, the CFR Far East Asia and Southeast Asia were up US$15 a ton in the third week of March.
In China, sporadic offers for offshore cargoes were down US$10 a ton on the week, but buyers were mainly on the sideline.
Acrylonitrile prices in Asian markets rose as demand picked up for spring and looming peak demand season for fertilizer. In China, acrylonitrile spot market was quiet given subdued demand and low domestic value while buying interest remained cautious on less positive market outlook.
