20 January 2012 23:59 [Source: ICIS news]
LONDON (ICIS)--European January acrylonitrile (ACN) contracts settled at rollovers from December amid relatively stable feedstock costs, buyers and sellers said on Friday.
However, producers were able to keep values stable because of strong demand from all downstream sectors, with the acrylic fibres segment running flat out.
Fibre manufacturers said that while demand has shown definite improvement over the fourth quarter of 2011, there remains uncertainty over whether this is because of structural growth or simply a case of replenishing depleted inventories.
Other downstream sectors such as acrylonitrile-butadiene-styrene (ABS) and rubber applications are also pulling a lot of ACN material, but again many players put this largely down to restocking.
Despite the increased activity, availability remains ample, with ACN producers running flat out.
January contract prices are pegged at €1,950-1,963/tonne FD (free delivered) NWE (northwest Europe).
($1 = €0.77)For more on ACN visit ICIS chemical intelligence
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