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Bullish demand lifts Asian ACN prices

18 Jun '14
1 min read

On June 17, 2014, Asian Acrylonitrile (ACN) prices went up, due to increased feedstock coupled with bullish downstream demand in the region.

ACN offers rose yesterday by US$ 10/ton in the F E Asian market and were offered in the range of US$ 1920/ton to US$ 1930/ton. In S E Asian market, selling offers for ACN also surged by US$ 10/ton and were quoted in the range of US$ 1900/ton and US$ 1910/ton.  

During week ending June 14, 2014, ACN prices too went up due to limited product availability along with improving demand in the market. 

Selling offers for ACN in the S E Asian market were in the range of US$ 1890/ton and US$ 1900/ton. In F E Asian market, ACN was offered in the range of US$ 1910/ton to US$ 1920/ton. In Chinese domestic market, ACN was quoted in the range of RMB 14,400/ton to RMB 14,500/ton. 

ACN prices increased to US$ 1890/ton on June 15, 2014, compared to US$ 1735/ton in same period of the last year, up 8.79 percent.

Fibre2fashion News Desk - India

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