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Tight supply hikes acrylonitrile prices
13 Sep '07
1 min read
Due to high price of acrylonitrile, manufacturers plan to reduce production or close down acrylic device.
Acrylic manufacturers say, acrylic prices are steady at 20000-20400 yuan per ton, while the price of acrylonitrile is up. Domestic supply of acrylonitrile is in abnormal tension, price rose 1,000 yuan per ton over last month to 19000-20000 yuan per ton.
The main reason for this price skyrocket is unexpected close down of production by acrylonitrile plant accidents in the US and China. Spot price rose to US $1,940 per ton in CFR term, up $80 over August. Supply in Europe and Asia is even tighter.
Buyer's offer has hiked to $1,950 per ton in term of CFR Middle East, but it is still difficult to find supply. Since last December, spot price of acrylonitrile has gained $400 per ton.
Acrylic manufacturers say, acrylic prices are steady at 20000-20400 yuan per ton, while the price of acrylonitrile is up. Domestic supply of acrylonitrile is in abnormal tension, price rose 1,000 yuan per ton over last month to 19000-20000 yuan per ton.
The main reason for this price skyrocket is unexpected close down of production by acrylonitrile plant accidents in the US and China. Spot price rose to US $1,940 per ton in CFR term, up $80 over August. Supply in Europe and Asia is even tighter.
Buyer's offer has hiked to $1,950 per ton in term of CFR Middle East, but it is still difficult to find supply. Since last December, spot price of acrylonitrile has gained $400 per ton.
Fibre2fashion, News Desk - China
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