Crude oil prices dipped in early
November but have recovered to a similar level seen in mid-October.
Brent crude last traded at $108.48 per barrel and the OPEC
Reference Basket Price is now at $105.02 per barrel. Naphtha prices
have held up on good demand from Asia. European naphtha is
now at $928 per ton. US propylene contracts for November
settled down 1 cent. This took chemical grade to 65 cents per pound DEL. In
Europe the monthly propylene contract price for November
decreased by €30 to €1080 per ton DEL. Ammonia prices moved
up in Asia and down in Europe/USA.
The PCI Asia/Far East
acrylonitrile import price range for November decreased on average by $35
per ton. China domestic acrylonitrile prices
US acrylonitrile export prices for November moved down on average by
$23 per ton. In Europe,
T1 prices for November decreased at the low end by $30 per ton and on
average by $35. European T2
contracts for November decreased by €35. Asahi Kasei
has announced that its acrylonitrile 'Far East Contract Price' for
November 2013 is $1850 per ton CFR.
Acrylic fibre demand in Asia has held up
well in November. Prices have edged down however. Chinese
domestic acrylic fibre prices have moved lower this month.
Acrylic fibre volumes for producers in Europe/Turkey are
holding up well. Production remains strong. Acrylic fibre prices in November
are unchanged in Europe/Turkey. US import prices for
November are flat. December prices are expected to decrease. Prices in
South America moved down for November.
Cotton and wool prices
are down this month. Asian polyester staple prices have
also fallen back.
For November, Asian ABS demand is
reasonable but unspectacular. Traders are de-stocking. ABS prices are down
but margins are up slightly on lower raw material costs. Chinese
domestic ABS prices have fallen and are very much in line with imports.
ABS demand in the USA remains strong from
all end-uses. Prices are stable. ABS demand in Europe is
mixed and down slightly overall. ABS prices in Europe are lower, but margins