China's acrylonitrile exports up nearly 71% y-o-y in 2020 – ChinaTexnet.com
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China's acrylonitrile exports up nearly 71% y-o-y in 2020

2021-01-26 08:07:13 CCFGroup

In Dec, 2020, China's acrylonitrile (ACN) exports reached 5,023 tons, basically flat from Nov and down 25.83% year on year.



In Jan-Dec, 2020, ACN exports totaled 73,029 tons, up 70.66% from 2019. Exports were seen every month. In May, Jun, Aug and Sep, the monthly exports were not large as the domestic plant operating rate was low or plants were in recovery.

 

In terms of the ACN exports by destinations in 2020, South Korea was the largest export destination, taking a share of 72.03%, up about 21% from 2019. India took the second place, with a share of 23.85%, slightly down 4.48% from 2019. South Korea and India were the major export destination for China's ACN, and the shares totaled nearly 96% in 2020, up about 17% from 2019. It showed that the export destinations focused more on South Korea and India, especially South Korea. In addition, the ACN export destinations were more diversified in 2020. In 2019, the export destinations were mainly the South Korea, India, UAE and Turkey, but in 2020, exporters sought for more export destinations, like Germany, Brazil, Colombia and Malaysia.



In 2018, Shandong Haili's new ACN unit starts production, and market supply increases, and in 2019, Jiangsu Sailboat Phase II unit is put into operation. In 2020, Zhejiang Petrochemical's unit starts production. In 2021, KoRuhr Phase II, Shenghong Refining and Chemical Integration and Shandong Lihuayi may start up successively. The capacity is expected to increase further, and producers will continue to seek for the opportunity to export.

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