On February 2, Lihuayi raised its spot acrylonitrile offer by 200 yuan/ton to 7,800 yuan/ton ex-works, with actual transactions subject to negotiation. The plant has an annual capacity of 260,000 tons and is currently operating normally. PriceSeek analysis of acrylonitrile shows a long-short score of 1.5. The increase in Lihuayi's spot acrylonitrile offer by 200 yuan/ton to 7,800 yuan/ton ex-works indicates a tight supply-demand balance in the market, possibly due to stronger demand or reinforced cost support, which directly benefits spot prices. With the plant operating normally at its full capacity of 260,000 tons per year, supply remains stable. However, the price hike reflects increased seller confidence and may drive overall bullish sentiment in the market.
Comments
0