Acrylonitrile Prices Are Rising Too Fast, And The Rally Has Been Postponed Recently.

In the second week after the Spring Festival, the price of domestic acrylonitrile market is on the decline, which is different from the frequent price rise of the first week. This week, the market quotation is significantly reduced. Meanwhile, some low-priced talks are beginning to appear. At present, the price of the mainstream port outlet in Eastern China is concentrated between 12200-12500 yuan / ton. Prior to this, based on the firm support of low inventory and main downstream demand, traders generally expected to see rising expectations in the first quarter. And the factors that inhibit the price rise of acrylonitrile also come directly from these two aspects. Some acrylonitrile manufacturers' inventories have increased, while the main load of downstream acrylic fiber has decreased. However, from the psychological level, the price of acrylonitrile has risen somewhat.

Price trend of domestic acrylonitrile Market

First of all, although the main downstream acrylic fiber started well before and after the Spring Festival, the overall operating rate reached over 70%, but with the acceleration of acrylonitrile, acrylic fiber plant was concerned about the cost pressure. Among them, Jilin chemical fiber took the lead in saying that it was negative, and the Hebei Gaocheng plant stopped, resulting in the opening of the acrylic fiber industry to 61%. The worries of the acrylic fiber plant are not unreasonable. After the Spring Festival, the downstream mills are slow to return to work, and most of them are stocked before the Spring Festival. During the Spring Festival, the stock accumulated in the acrylic fiber plant also needs to be gradually digested after the downstream work is resumed, so the price is difficult to follow the price of raw materials and acrylonitrile.

Secondly, although the main downstream acrylic and ABS industries have started well, most of the other small and medium-sized enterprises have not yet resumed production, so the spot market is short of buying. Although the middlemen increased the offer, but the actual volume was not much, but in order to complete the planned volume, some businesses began to sell the goods this week.

In addition, this week, we learned that the stock of acrylonitrile manufacturers in the Northeast has also risen to a high level, reflecting the fact that the actual turnover in the recent high market offer is not ideal, and that the mentality of the market has also changed, and that the spot market quotation has returned to reason.

However, despite the current suspension of acrylonitrile, the market is expected to rise in the future. After the fifteen month of the first month, the downstream factories will gradually resume production, and the spot market will gradually increase their purchasing power. Meanwhile, Hebei Gaocheng acrylic fiber plant is expected to resume production in early March. In addition, the overseas acrylonitrile plant has a lot of parking, and the price of the external market keeps rising, which also forms favorable support for the domestic market.

Attached: list of overhaul of acrylonitrile plant abroad in 2019