Introduction: With the continuous development of acrylic and ABS resin industries, the apparent consumption of acrylonitrile is increasing constantly in our country. However, the large expansion of capacity makes the acrylonitrile industry is now in the situation of oversupply and demand. Under the mismatch of supply and demand, the contradiction between supply and demand of acrylonitrile is increasing.
Acrylonitrile consumption areas are mainly distributed in acrylic fiber, ABS resin (including SAN resin), acrylamide (including polyacrylamide), nitrile rubber and fine chemical industries. Therefore, East China is the main concentration of downstream ABS, acrylic fiber and AM/PAM production capacity. Although the number of ABS plants is small, the production capacity of each unit is large, so the ABS device plus acrylamide device accounts for up to 44% of acrylonitrile consumption. In Northeast China, mainly the acrylic fiber plant represented by Jilin chemical fiber, the acrylamide plant in Daqing, and the 80,000-ton ABS unit in Jihua account for about 23% of the demand. In North China, fiber and amide are the main downstream industries, accounting for 26%.
With the continuous development of acrylic and ABS resin industries, the apparent consumption of acrylonitrile increased constantly in our country. Especially in 2018, due to the centralized maintenance of domestic and foreign equipment, the price of acrylonitrile soared, and the profit was once as high as 4,000-5,000 yuan/ton, which triggered the rapid expansion of production capacity. Therefore, in 2019, the expansion ushered in a dividend period, and its apparent consumption increased significantly, with a simultaneous increase of 6.3%. However, with the arrival of the pandemic in 2020, its growth rate declined. However, the apparent consumption of acrylonitrile industry increased significantly again in 2021, up 3.9% year on year, mainly due to the recovery of the global economy and the increase of domestic export volume.
Overall, the acrylonitrile industry is now in the situation of oversupply, which has caused the current factory even if the production is reduced, but the market is still not significantly improved, the industry continues to lose profits. In addition, the second half of acrylonitrile new capacity increased substantially, the supply of commodities or continue to rise. However, only ABS is expected to put into production of new units in the downstream, and the overall demand is limited. Under the mismatch of supply and demand, the contradiction between supply and demand of acrylonitrile will continue to increase, and it will be difficult to increase the factory operation at that time. Enterprises with large production capacity will take measures to reduce the burden
Post time: Sep-16-2022