11 May 2012 23:17 [Source: ICIS news]
ACN spot prices moved to $1,805-2,000/tonne (€1,390-1,540/tronne) from $2,010-2,050/tonne last week.
As a result of market conditions, many producers have reduced rates because spot sales have been weak.
Demand could further weaken if Asian acrylonitrile-butadiene-styrene (ABS) material comes into the market.
Other downstream markets for ACN, such as acrylic fibre (AF) and acrylamide, are performing well, ACN producers said.
A trader said the ACN market will be soft through June.
The formula-based ACN contract prices for April were derived Wednesday.
North American producers of ACN include Ascend Performance Materials, Cornerstone Chemical, INEOS Nitriles and Unigel.
($1 = €0.77)
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