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.
European acrylonitrile prices ascended on demand from Asia European acrylonitrile spot prices surged by another US$25 a ton CIF Mediterranean on the week.
Limited availability pushed US prices to 9-month high with spot rising for 10th straight week. US acrylonitrile export assessment jumped US$35 a ton FOB USG on the week.
Courtesy: Weekly PriceWatch Report
