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Acrylonitrile price moves up amid rising propylene cost

Asian marker, the CFR Far East Asia was up US$24 a ton in the third week of August while Southeast Asia jumped US$75 a ton on the week. In China, offers for offshore cargoes were hiked US$20-50 a ton CFR during the week.

Acrylonitrile prices soared in Asian markets with offers rising significantly amid tight supply and rising propylene cost. In China, Shanghai Secco shut its ACN unit Mid-August limiting regional availability. Spot prices went range‐bound that week, though majors offered flat and traders tended to raise offers.

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Acrylonitrile price rises amid tight supply

Asian marker, the CFR Far East Asia was up US$25 a ton in the second week of August. In China, offers for offshore cargoes were hiked US$30 a ton CFR. Acrylonitrile prices in Asian markets were lifted by tight supply and low inventory across supply chain. Although, Taekwang's upstream PDH unit restarted last week, supply availability remained limited.

In Europe, acrylonitrile price rose on bullish fundamentals as demand outweighed supply, which is currently tight. European acrylonitrile was also up US$20 a ton on the week.

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Acrylonitrile price jumps on firm demand

Asian ACN marker, the CFR Far East Asia jumped US$41 a ton in the last week of July while Southeast Asia surged US$25 a ton on the week. In China, offers for offshore cargoes were hiked US$50-70 a ton CFR on the week. Acrylonitrile prices in Asian markets jumped on the week due to firm demand from South Korea while sellers withheld offers.

The uptrend is expected to continue into as Japan's Asahi Kasei shut its 200,000 ton a year acrylonitrile plant in Mizushima on 28 July following an outage at its cracker. It was unclear how long the ACN unit will remain shut.

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US Acrylonitrile price surge to one-year high on supply outage

US acrylonitrile spot surged to one-year high on supply outage, the highest level since 7 July. Spot spiked US$125 a ton FOB USG in the third week of July, which ended on 22nd July 2016.

European acrylonitrile prices rose despite Ineos restarting Seal Sands ACN plant and imports in January-May rising 12% year-on-year. European acrylonitrile was up US$20 a ton on the week.

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Acrylonitrile price rolls over across all regions

The CFR Far East Asia, the Asian ACN marker, was flat in the second week of July while Southeast Asia was stable on the week. In China, offers for offshore cargoes rolled over during the week.

Acrylonitrile prices in Asia remained flat amid thin trade as weak demand in China stalled activity. In US, acrylonitrile spot was steady amid thin trade throughout the week, with sellers more bullish on the market and expecting pricing to rise on expectations of turnarounds in Asia later in the year.

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Acrylonitrile price jumps on tight supply in Asia

The CFR Far East Asia, the Asian ACN marker, was up US$5 a ton in the first week of July. In China, offers for offshore cargoes were stable during the week. Acrylonitrile prices inched up further in Asian markets that week as supply in Northeast Asia remained tight due to various plant shutdowns. In China, spot markets softened slightly that week, though majors offered flat.

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Acrylonitrile price climbs in Asia, down in US

Asian ACN marker, the CFR Far East Asia was up US$10 a ton while Southeast Asia rose US$5 a ton in the last week of June. In China, offers for offshore cargoes were stable during the week.

Acrylonitrile prices in Asian markets were stable to higher on the week as demand resurged while supply was likely to reduce as Secco will shut its 260,000 ton a year plant for a month beginning 15 August while Taekwang moved turnaround earlier to 24 July.

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Acrylonitrile price jumps in Europe

Asian ACN marker, the CFR Far East Asia was flat in the fourth week of June while Southeast Asia were down US$10 a ton on the week. In China, offers for offshore cargoes were up US$20 a ton CFR during the week.

Acrylonitrile prices in Asian markets were stable on the week amid thin trade following three-day holidays in China and increased supply with the restart of PTT Asahi Chem plant opening the week. In China, spot prices seemed to be losing strength that week. CPDC will raise run rate to average 90% over June-August period.

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Acrylonitrile price rises on tight supply in Europe

In Europe, acrylonitrile prices jumped on tight supply as maintenance at Ineos' Seal Sands plant continued. European acrylonitrile spot prices jumped US$40 a ton CIF Mediterranean on the week, taking the total surge to US$65 in two weeks.

In US, acrylonitrile spot was steady although tight supply prevailed. Spot pricing were higher over the last three months due to tighter supply and climbing prices in Asia. US acrylonitrile export assessment rolled over on the week. The assessment was at its highest level since end-July when it was at US$1,150 a ton.

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Acrylonitrile price jumps across all regions

Asian ACN markers jumped US$5-15 a ton CFR Far East Asia and Southeast Asia in the second week of June. In China, offers for offshore cargoes remained unchanged during the week.

Acrylonitrile prices in Asia continued to track higher following a spike in prices last week amid continuing tight supply and also supported by rise in propylene cost.

In China, ACN prices marched higher in a snug market while offers for offshore cargoes rolled over amid lukewarm transaction.

Related Keywords: Acrylonitrile price in Asia, Acrylonitrile price in Europe, Acrylonitrile price in USA, asf producers, chemical grade propylene

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