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Recently, S&P Global released data saying that despite the easing of the new crown pneumonia epidemic, the acrylonitrile market in Northeast Asia has not yet come out of the wood.
South Korea's Taekwang Industries will continue to limit the operating load factor of its 290,000-ton/year acrylonitrile plant in Ulsan to 75% in August, the same as in July, the sources sai.
According to S&P Global data, the acrylonitrile market in Northeast Asia is still under pressure based on the inflation environmen.
Acrylonitrile prices in Northeast Asia are at their lowest point in a year and a half because of growing spot supply and weak deman.
S&P Global said that acrylonitrile is mainly produced from propylene and ammonia as feedstocks, and its demand pattern is relatively complex due to the diversity of end use.