ACN Today's Quotation: Asia Acrylonitrile Market (2014-02-11)

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< p > < strong > closing price this week (USD / T) is 2059-2061 2009-2011 1989-1991 < /strong > < /p >.
< p > because of the resumption of the Chinese market, buyers began to look for cargo before the planned overhaul. This week, the price of the Far East "a href=" http://sjfzxm.com/news/index_s.asp "acrylonitrile < /a" was rising during the Spring Festival. The shortage of market supply led to a rise in the CFR Far East market price of $60 / tonne to $2060 / ton on Tuesday, the highest in 20 months. However, due to the rising price of propylene, the production profit this week dropped by 23 US dollars to 168 US dollars per ton compared with the 11 month high of last Tuesday. In the past 4 years, acrylonitrile prices have shown upward trend in the first 4 months. Due to the burden reduction of Asian devices and the upcoming maintenance of acrylonitrile plant, the shortage of spot supplies in Asian markets has led to the above trend in this year's < a href= "http://sjfzxm.com/news/index_s.asp" > price < /a >. The reduction in spot supply led to a recent increase in the price of the seller. The shipment of acrylonitrile cargo in March was quoted at 2100 US dollars / tonne CFR China, which is expected to be 25 US dollars / ton higher than that in February. Acrylonitrile market is better, but short fiber and ABS market is poor. Although the Spring Festival started at the end of 1, acrylonitrile prices rose in mid December. In addition, the market is still in the futures market, and the 2/3 level is 25 US dollars / ton. < /p >
< p > once the maintenance season begins, there is a further shortage of supply in Asia, and so is supply in the US. < a href= "http://sjfzxm.com/news/index_s.asp" > the United States Austrian high performance material company /a Ascend (Performance Materials) is serviced by 2 acrylonitrile units in the factory of Joe gulat Bel, Dezhou, which has a capacity of 1 million pounds / year. The United States often provides acrylonitrile for the Asian market. On Tuesday, China's price was 14100 yuan / ton, and the exchange price was 1916 yuan / ton, which was flat compared with last week. < /p >
< p > South Asian market. In view of the slight rise in European and us quotations higher than 2010 US dollars / ton CFR, acrylonitrile price rose 10 US dollars to 2010 US dollars / ton CFR compared with last week, but no such level has been submitted. As the price of ABS is lower than acrylonitrile, the downstream market is relatively weak. Generally speaking, the demand for acrylonitrile began to peak in 9-10 months. Southeast Asian prices rose 10 US dollars to 1990 US dollars per ton last week. < /p >