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European acrylonitrile : optimistic sentiment despite underlying weakness of spot demand/Seasonal demand for acrylamide /Conditions are expected to be much stronger than anticipated in 2023

European acrylonitrile : optimistic sentiment despite underlying weakness of spot demand/Seasonal demand for acrylamide /Conditions are expected to be much stronger than anticipated in 2023

Jun 14, 2024

European acrylonitrile markets saw limited buyer appetite forspot material weigh against improvements in sales volumes andoptimistic market sentiment in the week to June 11, as spot pricessaw a slight rise.Ongoing improvements in demand continued across the week,with buyer appetite across the market cemented by clippedimport supply into Europe.Derivative demand was particularly supported by seasonaluptick in appetite from the acrylamide market, which is used inwater treatment across the continent during summer monthsand as such sees stronger demand for feedstock acrylonitrile inthe preceding months.Despite this, spot markets for acrylonitrile were quiet acrossthe week, with contractual commitments from downstreamplayers sufficient in meeting the additional need for material.No deals were heard, reflecting the lack of need for additionalmaterial from consumers.Furthermore, a broad pricing spread was heard in the market,reflecting the diverging conditions between spot...

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