China ACN dips $15/tonne on ample supply, lacklustre demand
14 April 2011 12:17 [Source: ICIS news]
SHANGHAI (ICIS)--?xml:namespace>China’s domestic acrylonitrile (ACN) prices slipped for the first time in more than two months, falling CNY100/tonne ($15/tonne) on Thursday, as demand weakened amid ample supply, market sources said.
Ex-tank prices of ACN in east China were assessed at CNY21,100-21,300/tonne on Thursday, according to CBI, an ICIS service in China.
Major domestic producers, Jilin Petrochemical and Fushun Petrochemical, have offered spot material at CNY20,600-20,800/tonne DEL (delivered) this week, while distributors were able to conclude deals at a slightly higher price of CNY21,000/tonne DEL, the traders said.
ACN demand is faltering as downstream acrylamide, acrylic fibres and acrylonitrile-butadiene-styrene (ABS) plants have been running below capacity.
According to CBI data, acrylamide plants are operating at an average rate of 60% of capacity, AF plants at 85% and ABS plants at 80% this week.
($1 = CNY6.53)
For more on acrylonitrile, visit ICIS chemical intelligenceBy: Amanda Zhang+65 67804359
Please visit the complete ICIS plants and projects database
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.