European Acrylonitrile: Spot Pricing is Increasing due to
slight rise in derivative demand- The overarching length of continues- Outlook uncertainIncreased inquiries from
acrylonitrile-butadiene-styrene and acrylamide market participants inched spot
prices higher in the European acrylonitrile market in the week to March 21,
despite limited completed spot activity and continuing oversupply. Polymerscan March 22, 2023
European spot prices rose $10/mt to $1,495/mt CIF/ARA March 21 This was in
stark contrast to the sluggish market throughout the first quarter. Sources said that the overarching market fundamentals
remained unchanged. The improvement in demand did not translate into wholesale
increases of spot activity and the market was still heavily weighed down by
oversupply. A distributor stated that
there was a small, modest, and small improvement in the current situation.
However, he added that pricing is the problem....