Sound Demand Hints at Price Hikes in Europe

European acrylonitrile producers are not quite ready to commit to any aggressive moves for the second quarter, but they are optimistic. “Spring demand is healthy in all derivatives,” one producer say. “All customers are taking their full planned volumes. We expect steady demand through the first and second quarter. There are a few outages expected, so the market will stay balanced to tight.” The first-quarter contract price in Europe tumbled €45/m.t., producers and market watchers say. Posting prices for acrylo are notoriously broad...

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