ABS Industry Start-Up Load Has Not Recovered Yet

Faced with falling and even falling to the point where acrylonitrile market is not falling, domestic manufacturers are already intolerable.

At the beginning of January, the highest price difference between domestic propylene and acrylonitrile was 7600 yuan, and the profit margin of acrylonitrile manufacturers was huge. In late June, the minimum price difference between the two was narrowed to 1100 yuan.

Jilin Petrochemical acrylonitrile installed in the director said that the price difference of less than 2000 yuan has been the domestic factory profit and loss alert level.

Although domestic acrylonitrile plant raw material procurement mostly from internal mutual supply, less through the market channel procurement, but the price difference of 1100 yuan, let the enterprise simply can not make money.

After entering June, the demand for acrylic fiber has been in the off-season. The start-up load of ABS industry has not recovered yet, and the overall downstream demand for acrylonitrile is becoming more and more depressed.

However, the main acrylonitrile plants in China have already built high inventory, and some of the mainstream manufacturers have cancelled the quotations instead of the final settlement, which led traders to sell at low prices in Shandong.

"Overhaul device restart, the market oversupply situation escalating.

In the period of market downturn, some factories' selling measures are undoubtedly exacerbated by a worsening market atmosphere.

Zhu director said.

The pressure on market formation should not be underestimated.

"Since the second half of 2014, acrylonitrile in China has entered a concentrated release stage.

In October 2014, the 130 thousand - ton acrylonitrile plant in Shandong was put into operation in October 2014, and 260 thousand tons of acrylonitrile plant in SECCO was put into operation in April 2015.

As of May 2015, domestic production capacity amounted to 1 million 804 thousand tons.

In the next one or two years, there will still be a large number of construction projects waiting to be put into operation in the late stage. It is expected that by 2016, domestic production capacity is expected to exceed 2 million 600 thousand tons.

Zhu director said.

Take North China as an example.

The situation of supply and demand of acrylonitrile in China is quietly changing after the commissioning of the project.

Every month, North China digests 10 thousand tons of new output, resulting in a series of reactions in the market: the original part of the supply of goods from the northeast to North China was replaced, and every month additional supplies were sold to other regions to ease the factory inventory in North China.

Market competition is fierce.

"The supply of domestic acrylonitrile market as a whole exceeds demand, which was fully reflected from the end of 2014 to 2015.

Former anti star stars have stepped down into the altar and become the common people.

The director said.

The helpless factory finally came out.

Some factories in North China began to cut production to reduce inventory and ease the contradiction between supply and demand.

Shandong's company has also confirmed that the company's 130 thousand ton / year acrylonitrile plant has recently reduced production plan.

"Along with

It is more urgent for manufacturers to rebound later prices, and more enterprises will join in the price war. In addition, the Fushun Petrochemical Company will overhaul it in July or terminate the acrylonitrile market, and the red market will be ready in July.

Zhu director said.