04 March 2011 17:32 [Source: ICIS news]
US spot ACN prices increased by $50/tonne (€36/tonne) to $2,600-2,650/tonne, as assessed by ICIS, continuing their record-setting surge.
Since the start of October 2010, ACN prices have increased by $700-750/tonne.
Producers and buyers said strong demand from the downstream acrylic fibre (AF) and acrylonitrile-butadiene-styrene (ABS) segments continued to push ACN prices upward.
An AF producer said it was seeing prices in the
AF demand has been spurred by a cotton shortage, which boosted cotton prices and made AF a viable competitor.
However, an AF producer said it was starting to see margin erosion from high ACN prices, despite strong global demand for AF.
In the ABS market, demand has been described as relatively strong for the time of year. In the key
($1 = €0.72)
For more on acrylonitrile visit ICIS chemical intelligence
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections