Will ACN price drive up by the plant maintenance? – ChinaTexnet.com
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Will ACN price drive up by the plant maintenance?

2022-02-24 08:10:12 CCFGroup

Since Chinese Lunar New Year holiday, China ACN prices are mainly range-bound, with the fluctuations within 100yuan/mt. Though inventory pressure eases slightly with the gradual recovery of logistics, and exports are under negotiation, but the overall prices have no big change, which is different apparently compared with the sharp rise in the same period of last year.

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Viewed from the feedstock market, propylene prices stepped downward after the holiday, but the decrement was not large, and the prices tended to stabilize. Currently, the cost line of ACN is about 11,000yuan/mt, which is close to the mainstream trading prices, partly benefited from the higher oil prices. But FOB South Korea propylene prices ticked up gradually affected by the shutdown of Yeochun Naphtha Cracking Center (YNCC), which was supportive to China propylene prices, weighing on ACN costs.

 

Plant news is released successively. PetroChina Jilin plans to shut one unit for one week. In Mar, Shandong Haili and Shanghai Secco has plans to shut one production line for maintenance. KoRuhr may shut its 260kta unit, but the time is not confirmed. Sierbang’s No. 2 and No. 3 unit operating rate has been cut by 20%. Currently, plants cut operating rate, which can control the inventory amid the ample supply.

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For downstream market, ABS and AM plant operating rate maintains, and acrylic fiber plant operating rate climbs up with the support of orders. Later, the upward space is supposed to be limited.

 

ACN prices have been close to the cost line, and plants are not willing to cut prices to sell. The downward space is supposed to be limited. Later, with the implementation of plant maintenance, there may be more upward space.

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