At the beginning of the second quarter of xxxx, the Acrylonitrile price trend showcased a bullish movement in the North American region. Acrylonitrile production remained moderate in the US amid limited feedstock availability and stable cost support from Propylene. Meanwhile, the demand for Acrylonitrile stayed strong from the automotive and construction sectors, driven by increased vehicle sales and ongoing construction activity. U.S. chemical trade grew, supporting firm supply rates, while the American Chemistry Council projects a x.xx increase in U.S. chemical production in xxxx. Acrylonitrile prices are expected to rise in April xxxx, driven by higher freight costs, increased downstream demand, and anticipated input price hikes.
The production rates of Acrylonitrile were moderate in the country due to limited feedstock availability. The cost support was stable from feedstock Propylene amid fluctuations in upstream Propane stocks and moderate demand from downstream industries. Concurrently, supply rates were firm to...
