In Chinese market, acrylonitrile (ACN) prices moved up by RMB 200 / ton and new prices assessed around RMB 17,600 / ton.
In the US market, ACN was assessed lower compared to the beginning of the last fortnight. Price of ACN was closer to US $2,000 / ton and sellers were able to find more profitable options in Europe, where a deal concluded at $2,200/ton.
In Chinese market, Acrylic staple fibre prices remained steady around RMB 22,300 / ton.
Supplies and demands of acrylic fibre market are balanced but bearish sentiment is still strong in the downstream as acrylonitrile prices stay weak.
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Fibre2fashion News Desk - India