- Market participants notice a reduction in production
run rates- Spot Interest remains low





The European acrylonitrile markets
continued to grow in the week ending Aug. 16. However, there was a lot of
uncertainty and pessimistic sentiment. Market participants continued to emphasize the
continuing weak demand fundamentals. This is consistent with dynamics that were
evident throughout the European propylene value chains in August. In the face
of macroeconomic pressures, consumers preferred to rely on contractual
obligations and limited engagement in spot markets. Both
producers and consumers reported a weak demand in the contractual market. They
also noted that buyers had difficulty meeting their contractual obligations. These
dynamics were exacerbated by seasonal trends. Many European market participants
are on summer vacations. One consumer stated that there was a
slowdown in Europe's summer demand. Similar
trends were also...