Crude oil prices dipped down close to $70 per barrel at the start of July and have since rebounded to be seen in the mid $70's. Brent last traded at $76.31 and WTI at $77.32. Naphtha prices have moved down in all regions. US propylene contracts for July settled at rollover with chemical grade at 54 cents per pound DEL. Asian spot propylene prices have moved lower for July. In Europe, the monthly propylene contract price for July has fallen to €978 per ton DEL. Ammonia prices have decreased in all regions.
[21 July 2010]

Acrylonitrile prices have now turned the corner and are moving down. Acrylonitrile demand has seen a slowdown in Asia and Europe and this seems to be a function of the buyers of derivatives slowing their purchases on the expectation of lower acrylonitrile prices. Supply/demand remains in a good balance with no obvious surplus developing at this stage. Feedstock costs have eased once again this month.
[21 July 2010]

The PCI Asia/Far East acrylonitrile import price range for July decreased on average by $155 per ton.  The low end fell by $170.  China domestic acrylonitrile prices have weakened.  US acrylonitrile export prices for July have moved lower.  In Europe, T1 prices for July fell at the low end by $210.  T2 contracts for July rolled over.  Asahi Kasei has announced that its acrylonitrile 'Far East Contract Price' for August is $2150 per ton CFR. This is a reduction.
[21 July 2010]

There has been no recovery of acrylic fibre demand in Asia. Spinners are waiting for lower prices. July acrylic fibre import prices to China and elsewhere in the region have decreased. China domestic prices are stable.
[21 July 2010]

Acrylic fibre demand in Europe/Turkey and its export markets has weakened substantially as expected. Production has been quickly adjusted downwards. Prices in Europe for July are unchanged.  Import prices to the USA have decreased for July.
[21 July 2010]

Cotton and Asian polyester staple prices have moved lower this month, while wool prices are stable in US Dollars.
[21 July 2010]

The messages that we are receiving about ABS demand in Asia and particularly China, are somewhat mixed. There has been a reduction but we are not so sure it is as drastic as some make out. ABS prices in Asia have fallen.  Margins are very healthy. Chinese domestic ABS prices have eased. ABS demand in Europe and the USA is good. For July, prices have rolled over.
[21 July 2010]