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Chinese ACN trends consolidate amid dull atmosphere
21
Sep '12
The Chinese domestic acrylonitrile (ACN) market is witnessing a consolidation in recent days.

Due to lack of fresh demand from market, offers from ACN producers are steady. Meanwhile the market is in a stalemate.

Offers for ocean-going cargo have come down, market has become more cautious with traders adopting wait and watch stance.

In domestic spot market, high-level intention from traders has relaxed to some extent as they are more interested in making shipment.

But the market is not witnessing any significant fluctuation in current time, mainly due to firm cost support from ACN producers and there is no negative pressure.

Quotation at the ports of East China is in the range of 14900-15000 Yuan / ton, in terms of shipment on buyer’s part, but market talks are light.

Offers from ACN manufacturers in China are stable in the range of 13800-14500 Yuan / ton.

Traders in Shandong market are offering in the range of 14800-14900 Yuan / ton, in terms of delivery to buyer’s destination. 

Fibre2fashion News Desk - China

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