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European ACN prices rise in August first week
Aug '13
The prices of acrylonitrile rose to US$ 1785/ton during the week ending August 7, 2013, in European market, due to tight product availability. During the fortnight ending July 31, acrylonitrile prices remained stable due to steady demand from the downstream market and average prices were assessed at US$ 1760/ton.
In Far East Asia, acrylonitrile prices were steady during the first seven days of August and were assessed at US$ 1750/ton. During the fortnight ending July 31, prices declined by 1 percent compared to earlier fortnight due to weak market fundamentals.
In Southeast Asia, acrylonitrile prices remained stable at US$ 1790/ton during August 1-7. Even during the fortnight ending July 31, prices were steady and average prices were in the range of US$ 1790-1795/ton.
In the Chinese domestic market, acrylonitrile prices were hovering around RMB 12300/ton, during the week ending August 7, whereas priced dipped by 3 percent during the fortnight ending July 31 compared to the earlier fortnight, and prices were assessed at RMB 12250/ton.
In the US market, ACN prices were steady at US$ 1770/ton during the week ending August 7. But, in the July 16-31 fortnight, prices declined by 3 percent and average prices were assessed at US$ 1750/ton, due to bearish buying sentiment, coupled with adequate product availability.

Fibre2fashion News Desk - India

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