Nitrile Market: Weak Demand And Temporary Price Stability

< p > the port acrylonitrile market in China is also showing a weak trend of consolidation. The quantity of traders in the hands is not large, but the demand is still not ideal, which has led to the continuation of the weak trend in the early stage. Because of the decline in the previous prices, the market outlook is more pessimistic. At present, the price of self propping malonitrile in the port is generally around 13800 yuan / ton, and some of the actual paction price is at 13600-13700 yuan / ton level.

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< p > some domestic manufacturers have also reported a new < a href= "//www.sjfzxm.com/news/index_c.asp" > Contract Price < /a >, such as Jilin company quoted price to 13400-13700 yuan / ton, Sinopec East China quoted price to 14000 yuan / ton, Sinopec North China quoted price to 13900 yuan / ton, Fushun Petrochemical quoted price to 13700 yuan / ton factory.

In the domestic acrylonitrile RMB spot market, it is reported that the price of Shandong's surrounding areas is about 13800-13900 yuan / ton, some of which are slightly lower, the terminal demand is weak, and the downstream is cautious.

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< p > looking back in mid April, the price of "a href=" //www.sjfzxm.com/news/index_c.asp "acrylonitrile < /a > in Asia dropped by 30 US dollars / ton to US $1960 / ton CFR Far East, and the market was short of quotations.

After part of the purchase intention price appeared at $1950 / ton, no deal was heard.

A far east trader said that with the beginning of the planned maintenance, the downstream acrylic fiber production has been reduced, but it may recover after the completion of the inspection in late 4, when the ACN demand is expected to increase.

In Southeast Asia, due to the 13-16 national public holidays in April, the market in Thailand was limited.

In South Asia, a deal was at $1827 / tonne CFR India, but it has not been confirmed, because the industry believes that even if the market is in a downward trend, the price is too low.

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< p > although the "a href=" //www.sjfzxm.com/news/index_c.asp "Asian market < /a > is weakening, the market demand and supply of the acrylonitrile market in the United States remains stable.

Demand slows down and supply basically meets demand.

The US export valuation of acrylonitrile remains unchanged at $1820 per ton FOB Gulf of America.

It has been reported that the price of acrylonitrile in the United States will decline after the contract price of chemical grade propylene is lowered by 1 cents / pound to 69.5 cents / pound in April.

It is reported that the latest offer is in the US $1875 / tonne FOB Bay, and there has been no corresponding bid and paction.

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< p > Asia's acrylonitrile market valuation fell 30 US dollars / tonne compared with last week, on Tuesday at 1960 US dollars / ton CFR Far East.

Asian market demand is weak and prices are expected to continue to fall.

The downstream market, ABS and acrylic (AF) market demand remained stable.

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< p > production, it is reported that Austrian high performance materials Co., Ltd. (AscendPerformanceMaterials) plans to shut down its Acrylonitrile Unit No. 2 in Dezhou ChocolateBayou acrylonitrile plant for 3-4 weeks this month.

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P, IneosNitriles, said in mid December last year that it would temporarily reduce its load from the acrylonitrile plant in Dezhou's IneosNitriles (GreenLake) to half a year due to poor profit.

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