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Bullish demand lifts Asian ACN prices
18
Jun '14
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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