Acrylonitrile Remained Unchanged When Raw Material Propylene Rose.

In the second weekend of April, propene prices rose sharply in the wake of downstream PP, and the reference price of propylene market in Shandong was 7400-7500 yuan / ton in April 13th, which rose nearly 3000 yuan / ton earlier than the beginning of the month. At the beginning of this week, the other downstream products of acrylonitrile are dropping and rising, and acrylonitrile products remain low sensitive to raw materials, prices have not changed, and the spot market has not been reported. Traders maintain the contract volume. On Monday afternoon, with the increase of 300 yuan in listing, the bullish voice appeared in the market, and at the same time, some of the downstream users increased their demand. On Tuesday, the spot market also came up with 6700-7200 yuan / ton of odd offer, but the actual turnover is very limited. By the end of Tuesday afternoon, Shanghai SECCO lowered its listing price by 300 yuan / ton to 6700 yuan / ton this week.

The cut in SECCO's price cut out the signal of acrylonitrile trying to catch up with the raw materials. The spot market market quickly recovered to the level of 6500 yuan / ton last week, and the industry said with smile, acrylonitrile is still the punk girl who does not walk with old lady propene. "The price of the product is not the same as that of the old lady," said the industry. The price of the products on the spot market was quickly restored to the level of $100 yuan per ton last Wednesday. However, the price of acrylonitrile is still difficult to rise due to the imbalance between supply and demand. Although the cost pressure has increased with the increase of raw materials, acrylonitrile enterprises have not been down or parking like other downstream propylene. The supply and demand side has not changed, and the price is difficult to drive or increase. At present, there are ten acrylonitrile manufacturers in China. Besides the Shandong sea river and CORRUL, some propylene is needed, and other enterprises are supplied by propylene equipment. Therefore, from the cost of industrial chain, most of acrylonitrile raw material purchasing prices are expected to fluctuate little this month. In addition, propylene prices rapidly dropped after the rise, and also reduced the enthusiasm of acrylonitrile and rising.

In addition to the supply side no fluctuation, the most important thing is acrylonitrile downstream demand is still not expected to improve in the short term, so the industry has no confidence in the price rebound. At present, the downstream ABS industry maintains about 80% of the load operation, while the acrylic fiber industry's start-up rate has dropped to less than 30%, and the trade order of polyacrylamide has also shrunk, and the overall weak demand situation will continue throughout the 2 quarter. At present, the inventory of acrylonitrile production enterprises remains at a high level of about 50 thousand tons. Although it is still controllable at present, after acrylonitrile prices rise, the acrylonitrile plant is faced with a situation of reducing production to protect prices and eliminate the cost.

At present, the market trend of acrylonitrile has returned to its original rhythm. Although the raw materials have not risen, the price of acrylonitrile will increase after the fluctuation of the price of propylene, and the production cost of acrylonitrile will still increase compared with that before. Therefore, the price of acrylonitrile will continue to be basically locked down this month. There is still a week to go from the factory settlement. Acrylonitrile price is expected to remain weak during the week. And the future market expectations are still not optimistic. In addition to the continued downturn in demand, the supply side of Zhejiang Petrochemical still has a production plan, and also heard that some low-priced imported goods will enter the domestic market. At the same time, there will be a new round of impact on acrylonitrile, and the price of acrylonitrile will continue to bottom out in 5-6.