- The downward pricing trend continues- Participants note that there
is limited downstream demand





The European acrylonitrile markets
continued to have limited demand in the week ending July 12. This was despite the sluggish activity. Despite general price reductions
over the past month, buyers remained bearish. Limited end-user demand and
macroeconomic factors limiting spot market activity led to a limited supply. Buyers were
only able to meet their contractual minimum levels in spite of wider market
pressures. Producers were reluctant to accumulate inventory
due to high upstream feedstock costs. This was despite limited consumer demand. The
producer compared the Asian market to note that there is ongoing market
regionalization. This trend has been triggered by pricing divergence,
macroeconomic differences, and price volatility. Participants
were generally optimistic about the long-term viability and sustainability of
the market...