In the European region, the Acrylonitrile price trend revamped and showcased bullish movement in the second week of October xxxx. The market players raised their Acrylonitrile quotations amid stressed availability of supplies and moderate offtakes of Acrylonitrile from the market. The product prices were firm and the Consumer Price Index (CPI) for the Euro Area rose by x.xx in September xxxx, down from x.xx in August, indicating an increase and reflecting a continued upward trend in consumer prices. The trend indicates a cooling inflation environment, which aligns with shifting economic conditions and may impact consumer purchasing power as well as monetary policy decisions.
At the same time, the operating rates were moderately low at manufacturing units after the end of the regional summer holidays. The productions were hampered by the weak supplies of feedstock Ammonia supplies amid an increase in upstream Natural Gas due to an increase...
