- Market participants are pessimistic about the outlook- Contract price settlement of key feedstock
propylenelooms



The European acrylonitrile industry was
quiet in weak Nov. 29, amid unchanged basic principles of low demand and
limited buyer appetite. "The market is completely dead." A trader stated that
nothing was happening. A trader said that
the Russian product was moving to Turkey. Otherwise, nothing is happening. The market was weak through the weak. Buyers were not
willing to engage in uncertain spot markets and instead focused on minimum
contractual requirements. This led to a lack of trading. Some believe that global demand is low, with the
European market being uncompetitive with other regional markets. We
wait for China to relax their lockdown policy. This is the only thing that can make a difference to global
demand," a trader said. Participants will be closely...