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Acrylonitrile prices hit 2-month high on tight supply

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%.

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Acrylonitrile price rises on strong demand

Asian ACN prices were up US$20 a ton CFR Far East Asia in the first week of January while Southeast Asia gained similarly on the week. In China, offers for offshore cargoes were up US$20 a ton during the week.

Acrylonitrile prices in Asian markets rose on stronger demand and tighter supply while CFR South Asia surged 15% although propylene costs rose marginally but down on the week. Downstream demand was stable as acrylic fiber suppliers ran at 96% capacity after sharp price increase. ABS sentiment were weak amid lukewarm trades, Acrylamide prices rose as suppliers ran at 60% capacity.

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Acrylonitrile prices fall in December

Asian marker, the CFR Far East Asia fell 6% in December while it was down 12.1% YoY. Acrylonitrile prices fell in Asia despite rise in feedstock propylene and crude oil values.

In US, acrylonitrile spot was down with propylene, global prices. European acrylonitrile prices fell amid global weakening as Asian prices declined sharply.

European prices plunged 11.8% from November and declined 12.7% YoY while US export assessments was down 16.9% on the month and 6% YoY.

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Acrylonitrile price declines despite rising upstream cost

Asian ACN prices declined US$70 a ton in the second week of December while Southeast Asia fell US$75 a ton on the week. In China, offers for offshore cargoes were down US$70-80 a ton on the week.

Acrylonitrile prices caved in although feedstock propylene and crude oil values were up that week. Downstream demand was stable as acrylic fibre prices held stable, and suppliers ran at 75% capacity. ABS sentiment held firm on cost support, with domestic producers generally offering at stable rate. Acrylamide prices remained steady.

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Acrylonitrile prices flat to down in Asia

Asian ACN CFR Far East Asia marker was flat in the first week of December while Southeast Asia fell US$20 a ton on the week.

In China, offers for offshore cargoes were down US$30-40 a ton during the week. US acrylonitrile export assessment fell by a sharp US$120 a ton FOB USG on the week.

Acrylonitrile prices were flat to lower in Asian markets amid thin trading as Chinese buyers expected deep-sea cargoes. In China, spot prices held stable that week amid thin liquidity, and most of suppliers offered flat in a lack of pushes and pulls.

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Acrylonitrile price falls in Asia despite high upstream cost

Asian ACN prices fell US$10-11 a ton CFR Far East Asia in the last week of November while Southeast Asia moved down US$10 a ton.

Acrylonitrile prices in Asian markets fell on the week on sluggish demand despite higher upstream propylene costs. Demand in Southeast Asia was mute. In China, spot prices retraced up later that week, after majors announced monthly settlements at high level to prevent further price drop.

In US, spot acrylonitrile was steady week on week as demand was stable but supply remained tight with expectations of tightness may ease in near future.

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Acrylonitrile prices plunge in US, Europe

Asian ACN prices edged up US$6 a ton CFR Far East Asia while Southeast Asia was down US$20 a ton in the fourth week of November.

Acrylonitrile prices were mixed that week in Asian market where they tumbled in South Asia and edge higher in Far East Asia with ABS market supporting the latter. Demand was weak in India on low acrylic fibre prices. In China, spot prices were range bound that week as downstream demand was stable.

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Acrylonitrile prices plunge on thin demand

Asian ACN prices plunged US$49 a ton CFR Far East Asia in the third week of November while Southeast Asia down US$45 a ton on the week.

Acrylonitrile prices in Asian markets declined sharply on the week on thin demand, supply returning after completion of turnarounds and moderating deepsea offers. However, producers were reluctant to lower offers.

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Acrylonitrile prices continue to fall amid weak demand

Asian ACN prices were down US$25 a ton CFR Far East Asia in the second week of November while Southeast Asia was down US$30 a ton on the week.

Acrylonitrile markets in Asia continued to be under pressure amid weak demand in the region. Demand in December is expected to be much slower, which also supported prices to move down.

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Acrylonitrile prices plunge amid weak buying sentiment

Asian ACN markers were down US$10 a ton CFR Far East Asia and Southeast Asia in the first week of November. In China, offers for offshore cargoes remained unchanged on the week.

Acrylonitrile prices fell for the first time in Asian markets since early March due to resumed supply and weak buying sentiment, though the downtrend is likely to remain limited. Trading remained thin amid weak sentiment while feedstock propylene fell on the week.

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