Home / Knowledge / News / Textiles / Pressure on ACN price trends may build up
Pressure on ACN price trends may build up
15
Jun '10
With increasing expectations of a weak third quarter, acrylic fibre producers might think of cutting operating rates, which could prove to be a dampener on prices of its raw material Acrylonitrile (ACN).

On one hand ACN prices have been on an upswing, while prices of its derivatives like acrylic fibre have not moved as much which, which has meant a erosion in margins of acrylic fibre producers.

In mid-April ACN spot prices had flared up to a high of US $2,500 per ton CFR (cost and freight) Asia, up by $500 per ton from those prevailing in January and have stayed around $2,400 per ton in the last few days.

The main reason for surge in ACN prices according to experts was the little more than usual spate of unexpected outages in Europe and a heavy turnaround schedule earlier this year in Asia, which had cut short supply of ACN.

Due to the high prices, downstream users are adopting a wait and watch attitude on hopes that ACN prices would fall from their peak levels and also looking for alternative raw materials to sustain their operations.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search