ACN Highlights from 01-15, May 2013
In the first half, ACN offers declined due to lack of support from downstream markets. Acrylonitrile prices declined mainly due to weak downstream demand from the textile and plastic sectors. ACN offers declined due to poor demand and few ACN plants also announced for outage due to negative profit margins. In the second half of last fortnight, selling offers for ACN continued to decline as buying interest diminished. Market speculators were quite cautious when prices moved downwards.
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