In June, the average spot price of acrylonitrile market in China was 10898 yuan/ton, down 5.19% month-on-month and 25.16% year-on-year. As of June 30, East China port container delivery negotiation concentrated at 10,900-11,000 yuan/ton, Shandong peripheral delivery quotation concentrated at 10, 700-10, 900 yuan/ton, down 400-500 yuan/ton compared with the same period last month.
The market remained oversupplied this month, and although corporate inventories were relatively manageable, social inventories remained high. Overall downstream demand is weak, ABS, acrylamide and nitrile latex and other major areas of insufficient work, at the same time, the export volume is down month-on-month, overseas demand is also insufficient, export talks are limited this month.
Acrylonitrile main manufacturers in the month offer down, the spot market is also gradually down. However, the cost pressure continued to exist, delaying the market decline, in addition to Sirbon a set of equipment and Daqing petrochemical parking maintenance, the market also reached the bottom and stabilized. The settlement price of East China acrylonitrile of Sinopec in June was RMB11100 / ton, which was RMB400 / ton lower than the settlement price of last month.
In July, the domestic acrylonitrile market price is expected to fluctuate little, Srbang and Fushun petrochemical overhaul, supply reduction, to a certain extent to alleviate the excess pressure. But the domestic demand is still weak, the surplus situation is difficult to reverse, the price is expected to maintain between 10,800-11,000 yuan/ton.
Post time: Jun-29-2022