Spot prices of ACN in Europe went up sharply after the announcement of force majeure by Ineos  – The spot prices of acrylonitrile (ACN) rose sharply in the European market after problems arose with supplies of material from Ineos plants to Seal Sands, the UK and Dormagen, Germany – ACN prices Europe force majeure Ineos 

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Spot prices of ACN in Europe went up sharply after the announcement of force majeure by Ineos 

ACN prices Europe force majeure Ineos   MOSCOW  – The spot prices of acrylonitrile (ACN) rose sharply in the European market after problems arose with supplies of material from Ineos plants to Seal Sands, the UK and Dormagen, Germany, ICIS reported

Price proposals AKN were announced at the level of USD2,000 per ton, while the deals were in the range of USD1,860-1,980 per ton.

Thus, according to ICIS, quotes of the material rose by USD65 per tonne in the lower part of the price range and by USD90 per tonne – at the top.

The decrease in supplies from Ineos forced a large number of market players to apply for material on the spot market, but the ACN proposal is limited.

Many suppliers said that they had already sold their spot volumes.  It is likely that buyers will soon have to turn to foreign markets in search of affordable ACN lots.

Acrylonitrile is one of the main raw materials for the production of ABS.

According to the ScanMap of the company MRC, production of ABS in March in Russia amounted to 1.23 thousand tons.  In January-March 2018, Russian manufacturers produced 6.20 thousand tons of ABS plastic, which is 87% more than the volume of production a year earlier.

mrcplast.ru

Author:   Margarita Volkova

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