Asian acrylonitrile prices were stable in the first week of January. In China, offers for offshore cargoes were flat on the week while prices in India were firm during the week. Acrylonitrile prices in Asian markets were stable that week despite surging feedstock prices.
China’s acrylonitrile imports in November 2017 grew 19% to 21,967 tons as compared to October 2017.
Shanghai SECCO is planning to shut its 520,000 tons per year ACN unit in September 2018 for maintenance.
In US, spot acrylonitrile prices were assessed unchanged in the week amid strong domestic demand and little activity in the export market.
In Europe, acrylonitrile market was largely quiet as many players had only just returned from holiday and some remained on extended breaks.
Courtesy: Weekly PriceWatch Report
