Affected by the weak downstream demand of acrylic fiber (AF) and ABS in the major Chinese market, the price of acrylonitrile in Asia will continue to decline next month. According to ICIS data, the spot price of Asian acrylonitrile was between $2,200 and $2,250/tonne (CFR Northeast Asia) for the week ending April 20, down by $125/ton from the price for the week ending April 6. 5.3%. Market participants said that China's AF and ABS manufacturers are currently operating at a lower volume because of the worrisome global market. According to industry insiders, the operating rate of AF production equipment in China is currently below 80%, while the average operating rate of ABS equipment is around 60%.
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