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South Asia ACN: Prices steady amid limited supply and weak demand / Limited availability of spot supports market prices / CFR FE Asia Market unchanged

South Asia ACN: Prices steady amid limited supply and weak demand / Limited availability of spot supports market prices / CFR FE Asia Market unchanged

Feb 20, 2025

The South Asian acrylonitrile price remained unchanged for the week ending February 18, due to weak demand in India and limited availability of material with Asian producers. ACN CFR South Asia stable on the week at$1,350/mt Feb. 18 under offers heard from a seller at $1,400/mt, above buying indications heard at $1,290-1,300/mt andalso in line with tradable indications heard in the range $1,340-$1,360/mt.Producers outside of China maintained their offerprices week over week due to limited spot availability inthemarket.An offer from Japanese producer was heard unchanged at$1,400/mt, Feb. 18.An international supplier who shared a price indication around$1,350 the prior week was heard discussing at similar levels, withlimited material to offer.A trader said the price discussions remain rangebound andheard around $1,340-$1,360/mt.Domestic inventory levels are healthy; however, winterdemand has decreased, prompting us to...

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