The Two Phase Of The Plan To Start Production Of Acrylonitrile Is Blocked.

Since the beginning of August, the overall start-up load of acrylonitrile has been increased, and the ABS industry started to increase from less than 90% to 95%, mainly due to the negative production of Zhenjiang qmei and Shandong Hai Jiang installations. The acrylic fiber industry started up from less than 60% to nearly 70%, mainly from Jilin's chemical fiber start to 70%, while Qilu Petrochemical increased four production lines to 80% loads. The operation rate of the two downstream industries increased significantly, and the demand for acrylonitrile increased in August.


In addition to the increase in demand performance, the domestic production of acrylonitrile in August was also slightly reduced, mainly due to the 260 thousand tonnes of equipment manufactured by the state of Singapore in the middle of August, and one of the production lines was temporarily stopped for 5-7 days, affecting the output of acrylonitrile by about 3000-4000 tons.

The supply and demand of domestic acrylonitrile market increased in August, reversing the supply surplus situation in July. As a whole, the contract volume is relatively balanced this month, and the supply performance in the spot market is tight. But acrylonitrile prices up to today, less than 500 yuan / ton, and after entering the middle of the market, the market has stopped rising to enter the consolidation stage.


The author believes that the main reason for hindering the further rise in acrylonitrile price comes from the psychological level. The industry generally believes that after the two phase of the operation, the market price is expected to drop. Therefore, suppliers are actively shipping, and downstream users are cautious in purchasing, thus inhibiting the rise of the market. In fact, in the early part of this month, some traders tried to push up the offer, but on the one hand, the downstream users followed the performance cautiously. On the other hand, there was a lack of the impetus for acrylonitrile manufacturers to push up, and the market price rise was gradually weak. From the perspective of acrylonitrile manufacturers, on the one hand, it is also considered that the new capacity of SBB will soon be released. On the other hand, Anqing Petrochemical is planning to overhaul in October, or will need to replenish inventory in the market ahead of time, so the intention of manufacturers to raise prices is not large.

In addition, there was no substantial improvement in terminal demand for acrylonitrile in August. The orders for the downstream factories of acrylonitrile did not increase. Acrylamide started at a low level and also inhibited the pace of market price increases.

At present, the focus of the acrylonitrile market is still concentrated on the two phase of the installation process. Whether its production goes smoothly or not will directly affect the market's ups and downs in September.