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Spot volumes increase in interest  | Turkish market segment is generally unaffected from earthquakes

Spot volumes increase in interest | Turkish market segment is generally unaffected from earthquakes

Feb 15, 2023

- Spot volumes increase in interest- Turkish market segment is
generally unaffected from earthquakes





European acrylonitrile market players
noticed a shift towards optimism during the week ending February 14, despite
the fact that there were still weak fundamentals to the market. Participants in the market cited increased
consumption and restocking activity through 2023 thus far and noted that there
has been no clear shift in dynamics in Q4 2022. The
increased optimism was attributed to the reopening Chinese economy, which
improved upstream economics. Also, higher buyer consumption was cited as a
reason. Market dynamics were influenced by changing
consumption patterns. Players continued to notice increased spot market
interest, and a decrease in contractual intake since 2022. Sellers
pointed out that many consumers were over contracted last year and continued to
consume minimum contractual volumes...

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