European
Arylonitrile: Run Rates Reduced in Slow Market Conditions-
Weak spot market persists-
European players highlight Chinese market dynamicsThe
European acrylonitrile marketplace continued to have a long market, with
producers operating at reduced run rates. The European market was
described by market players as "difficult" and noted that there was
still a limited appetite for spot product, despite the December destocking. Input
costing was subject to a degree of regionalization in the European
market. Contrary to the price relief that was provided by lower energy
costs in Europe at the beginning of January, market participants continue to
feel pressured by Turkey's energy prices. Players began to focus on export
opportunities as the European market outlook was sluggish. Coronavirus
cases in China have risen, and production rates have been cut, opening the door
to a possible...