Acrylonitrile Continues To Grow, But Domestic Gains Are Limited.

As of March 12th, the closing price of acrylonitrile CFR in the Far East was US $1750 / ton, compared with the beginning of this month, which has reached US $120 / ton, and the price of RMB is 14000 yuan / ton, which is much higher than that of the domestic East China market. The mainstream price is 12800 yuan / ton.

The main reason for the continued rise in the price of the external market is the tight supply of equipment due to the shutdown. In the middle of February, the 545 thousand and 400 acrylonitrile units in the United States, Germany and the United Kingdom announced that the force majeure stopped. The capacity was respectively 300 thousand tons / year and 280 thousand tons / year, and the parking time could last for about a month.

The centrally parking of the device has led to the purchase of acrylonitrile spot resources by contract buyers in various regions. Chinese businesses have also received enquiries from many foreign buyers, and export orders have increased significantly compared with previous years.

Source: lung Chung

The price of the external market has continued to rise, which has a direct positive impact on the domestic market.

At the same time, Shandong Hai Jiang chemical industry 130 thousand tons / year of acrylonitrile installed at the beginning of the month due to fault shutdown, has not yet resumed normal operation, also makes the domestic market supply tight situation, since the beginning of March, domestic acrylonitrile market price performance rose slightly.

But compared with the external market gains, the strength of the internal market is obviously insufficient.

On the one hand, the domestic supply gap is not large. At present, except for the parking of Hai Jiang chemical industry, other manufacturers have maintained normal production, and some devices are in overloaded state.

On the other hand, the downstream acrylic fiber commencement is always not high, which is the main factor to inhibit the rise of acrylonitrile.

Soon after the domestic acrylonitrile market started to rise in February, downstream acrylic fibers enterprises showed their resistance.

Mainly because of the slow recovery after the end of the textile industry, acrylic fiber plant inventory digestion is not easy, in the face of rising cost pressures, some acrylic manufacturers to reduce production.

Hebei acre chemical fiber 60 thousand ton acrylic fiber plant stopped in February 15th and continued until early March.

At the same time, Jilin chemical fiber 290 thousand ton / year acrylic fiber plant Limited production to 6-7 load, in addition, Hangzhou Bay acrylic 60 thousand tons installation is also in early March to stop and repair, will continue for half a month or so.

Since the beginning of March, the starting load of acrylic fiber industry has remained at the low level of 60-65%.

In addition, it has been heard that acrylonitrile low price goods sold by acrylonitrile manufacturers have also restrained the upward rhythm of acrylonitrile prices to a certain extent.