Hamburg (Germany): From the beginning of the month, the Acrylonitrile price trend has been firm in Europe, showcasing bullish movement amid improved demand, moderate product offtakes, and stressed availability of supply in the regional market. The availability of stocks was inadequate in the market due to disruptions in production and operating rates at domestic Acrylonitrile units, attributed to the low availability of feedstock Propylene. Acrylonitrile prices have increased across the European continent and all major countries have witnessed an increase in the prices.
The availability of feedstock Propylene was impacted by tight availability in the region due to delayed supplies from US exporters, resulting from trade problems through the Suez Canal. Consequently, suppliers raised their quotations by x.xx. On the contrary, feedstock Ammonia prices continued to decline due to sluggish demand and consumption from agrochemical industries, alongside increased inventory levels in the region.
