NEW YORK (MarketWatch) – Asia’s acrylonitrile prices soared to $ 1680 a tonne (CFR Far East Asia), a record three and a half years, due to tight global supply this week. The last Asian acrylonitrile price hit the highest level was on February 3, 2015, was evaluated at $ 1,700 per tonne (CFR Far East Asia).
| Gamma-PGA (gamma polyglutamic acid) |
Extremely tight supply boosted the price of Asian acrylonitrile, and in recent weeks the combination of environmental problems between China and the United States unexpectedly compressed the output of acrylonitrile.
In the United States, the effects of tropical storm Harvey have forced the two major US acrylonitrile producers, Ascend Performance Materials and Inions Acrylonitrile, to announce their resistance to Texas acrylonitrile at the end of August and early September, respectively.
According to a source, Ascend Performance Materials has restarted its production process at its 454,000 t / yne acrylonitrile plant in Alvin, Texas, last week. But the market has said that since last year, the company’s acrylonitrile exports have been very limited, because the company has been in the distribution of acrylonitrile for the US domestic production of adiponitrile.
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