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We offer the following regional Acrylonitrile coverage to keep you informed of factors and developments affecting prices in the US Acrylonitrile marketplace.
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Updated to Q4 2016
US acrylonitrile prices entered the fourth quarter at elevated levels, supported by ongoing tight supply in the domestic and overseas markets.
INEOS Nitriles declared force majeure at its Green Lake, Texas facility on 17 July, after it was discovered that the main feedstock propylene pipeline had been compromised by flooding.
Supply tightness was also compounded by several planned and unplanned outages in the global market, particularly in Asia.
Repairs to the Green Lake facility continued throughout the quarter, and production activities were widely anticipated to resume in December.
Following significant cost increases for main feedstock propylene during the third quarter, domestic contract prices fell during the final quarter of the year, reflecting the downward movement of propylene.
Spot prices also fell in the second half of the fourth quarter, reflecting the movement of feedstock, as well as expectations in the market that supply tightness in the US was likely to ease with the restart of the Green Lake facility.
Subdued market activity was seen during the quarter, which sources attributed to a lack of available product, as well as the usual slowdown seen at the end of the financial year.
ICIS provides pricing information, news and analysis for all major petrochemical and chemical markets, including Acrylonitrile.
We offer unbiased and independent price reporting, with our price assessments being widely quoted as benchmarks in contracts.
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ICIS price assessments are based on information gathered from a wide cross section of the market, comprising consumers, producers, traders and distributors. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments, giving you a robust reference for your negotiations.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Acrylonitrile. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities.
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ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Acrylonitrile, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.