In China, offers for offshore cargoes were up US$40-50 a ton in the first week of December.
Asian acrylonitrile marker the CFR Far East Asia was assessed flat on the week at US$1,049-1,051 a ton while Southeast Asia was at US$929-931 a ton.
Acrylonitrile prices were firm in NE Asia and weak in SE Asia/India that week. Tight supply in Taiwan/China bolsters NE Asian prices while deepsea cargo arrivals depressed prices in SE Asia/India.
In US, acrylonitrile spot rose as supply remained tight. The market monitored feedstock chemical-grade propylene contract price for December, with expectation of an increase.
Domestic demand was stable as supply remained tight. Export prices edged up US$5 a ton on the week.
In Europe, acrylonitrile market sentiment changed on global pressure while feedstock propylene settled at rollover for December.
Acrylonitrile spot prices held steady at US$898-902 a ton CIF Mediterranean.
Courtesy: Weekly PriceWatch Report
