ICIS has a network of locally based reporters providing coverage of regional Acrylonitrile markets. They provide not just pricing information, but an in-depth understanding of the factors driving prices and market fluctuations.
Updated to Q3 2018
Asia’s acrylonitrile (ACN) supply was tight in the third quarter because of a slew of turnarounds in China, Taiwan and Japan. Spot discussions remained scarce on limited global supply. Most Asian suppliers were sitting at the low inventory and they were not keen to offer in the spot market. The rising domestic prices in China in coupled with few deep-sea cargoes exerted the upward pressure on import ACN prices. ACN prices rose to the record high at $2,220-2,280/tonne CFR NE Asia by the end of August.
On the demand side, most downstream ABS and acrylic fibre (AF) producers showed strong resistance to the high feedstock prices. Some downstream users even cut the operation as they said that the prevailing prices were too high for them to pass on to their customers amid squeezed margins. Buying interest for additional spot cargoes dwindled significantly as they were mostly committed to their contract cargoes.The sharp depreciation of the Chinese yuan also dampened the buying interest.
We offer the following regional Acrylonitrile analysis and news coverage to keep you informed of factors and developments affecting prices in the Acrylonitrile marketplace.
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Acrylonitrile (ACN) is used to make acrylic fibres, acrylonitrile-butadiene-styrene (ABS) and styrene-acrylonitrile (SAN)
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