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Chinese ASF & acrylic prices plunge

12
Apr '12
In S E Asian countries, Propylene price remained unchanged at US$ 1505/ton. In Korea and Japan also, price remained stable in the range of US$ 1510/ton and US$ 1520/ton. In Chinese domestic market, price was assessed around US$ 1540/ton.

In Western market, the price of Propylene remained inert. In N W European domestic market, price hovered around € 1180/ton, but deals mainly concluded in the range of € 1175/ton to € 1185/ton. In U.S.A market the selling offers were still at 71.65 cents/pounds.

Acrylonitrile market remained stable in the Asian market. In F E Asian and S E Asian countries, ACN price was stable in the range of US$ 2370/ton and US$ 2365/ton. Yesterday price of ACN declined by US$ 25/ton.

In Chinese domestic market, ASF and Acrylic Tops prices fell to around RMB 20550/ton and RMB 21475/ton, respectively. Due to bearish sentiment in the feedstock market, price of ASF and Acrylic Tops significantly decreased by RMB 1250/ton and RMB 1325/ton, respectively.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India


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