28 November 2011 08:49 [Source: ICIS news]
The company’s December Far East Contract Price (FECP) nomination is on a cost and freight (CFR)
The downstream acrylonitrile-butadiene-styrene (ABS) producers are increasing their operating rates to 70-80% from 50-60% previously, thus lifting demand for ACN, traders said.
“Market sentiment has turned more positive. Demand is picking up and we have been getting more enquiries from customers in
Production cutbacks by several Asian ACN producers in
ACN spot prices were assessed at $1,700-1,750/tonne CFR (cost and freight)
ACN spot prices have been falling steadily since late April, when prices were at $2,750-2,850/tonne CFR NE Asia, ICIS data showed.
($1 = €0.75)
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