Acrylonitrile market is expected to rise in the short term high finishing.

Release time:

2023-11-20

With the development of home appliances and automobiles, China has become one of the fastest growing countries in the global acrylonitrile market.

Since November, the rapid rebound in the price of raw material propylene and the recovery of demand for some downstream products have jointly promoted the price of acrylonitrile. Acrylonitrile uses propylene and ammonia as raw materials, and is manufactured through oxidation reaction and refining process. It is an important raw material for three major synthetic materials (plastic, synthetic rubber, synthetic fiber). The downstream consumption of acrylonitrile in China is concentrated in the three major areas of ABS, acrylic and acrylamide, which account for more than 80% of the total consumption of acrylonitrile.

With the development of home appliances and automobiles, China has become one of the fastest growing countries in the global acrylonitrile market. Downstream products are widely used in home appliances, clothing, automobiles, medicine and other fields in the national economy. Acrylonitrile production capacity has been increasing in recent years, and the industry is shifting from a tight balance to a surplus state. However, in the short term, affected by changes in cost and the recovery of demand, prices have indeed fluctuated positively.

　　In terms of cost:The recent market volatility of raw material propylene rose slightly. According to the data of business agency, the benchmark price of acrylonitrile on November 16 was 10062.50 yuan/ton, up 4.55 compared with the beginning of this month (9625.00 yuan/ton).

　　Downstream product starts:As of early November, the downstream ABS construction slightly higher to around 80%, the support for acrylonitrile is better than the previous period, in addition, the nitrile rubber Nandi plant plans to restart in the near future, the same demand for acrylonitrile is expected to increase slightly.

11.1-11.13 acrylonitrile market rose, the current acrylonitrile market from the tank to raise the mainstream price between 9800~10100 yuan/ton. Raw material prices fluctuated slightly, the cost of acrylonitrile continued to support, the main downstream ABS construction continued to rise slightly, the acrylonitrile plant started a small fluctuation, the supply and demand side is basically no pressure, the acrylonitrile market just need inquiry support, prices higher.

It is understood that as of early November, the construction of downstream ABS rose slightly to around 80%, and the support for acrylonitrile improved compared with the previous period. Acrylic fiber mainstream factories have gradually reduced production and minor repairs, and the demand for acrylonitrile has weakened slightly. NBR Nandi Plant is planned to restart in the near future, and the demand for acrylonitrile is expected to increase slightly. The start of polyacrylamide and other projects is basically stable. Overall, the current demand for acrylonitrile support slightly better than the previous period.

　　After the market forecast:At present, the supply side of acrylonitrile is stable and fluctuating slightly, and the demand side is slightly better than the previous period. Recently, the low international crude oil price fluctuates and the raw material propylene price fluctuates and is consolidated. Overall, it is expected that the acrylonitrile market will be consolidated at a high level in the short term.

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