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China's spot acrylonitrile market enters stalemate
Dec '12
Trading conditions in China’s spot acrylonitrile (ACN) market has entered a stalemate phase in recent time. Discussion atmosphere is dull and offer prices from manufacturers have weakened.
But the industry has no stock pressure and hence, the market is based on correction.
At ports in East China, quotation for spot ACN is in the range of 13,500-13,600 yuan/ton, in terms of shipment on buyer’s part. Discussion atmosphere is dull and turnover is negligible.
Currently, offers in domestic ACN market are in the range of 12,500-13,300 yuan/ton. Some major manufacturers in Northeast China continue to feel cost pressures, but are meeting increasing resistance for raising their prices.
In Shandong market, offers by traders are in the range of 13,600-13,700 yuan/ton, in terms of shipment by seller. But here too, the discussion atmosphere appeared dull on December 20.

Fibre2fashion News Desk - China

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