Contractual demand
resilient The global ACN market is heavily
regionalized



In the week ending April
26, spot prices on the European Acrylonitrile Market fell for the first month.
This was despite wide buy/sell indications. CIF ARA ACN spot price dropped $20-24/mt by the end of the
week to $2,200-2,50/mt on 26 April. Producers
said that high feedstock costs were a key factor in driving up European prices.
However, buyers were fulfilling contractual obligations and the demand was
resilient despite a weak spot market. High
costs had left little room for speculation in the spot market, the producer
said, adding that lower run rates at acrylonitrile-butadiene-styrene production
facilities were contributing to reduced spot demand. One trader stated that prices exceeding $2,200-2,250/mt are
unrealistic. Global ACN markets are
heavily regionalized. Market participants point out wide differences in...