Price trend

According to the data monitoring of SunSirs, the vinyl cyanide market rose slightly on the 15th, and the price of vinyl cyanide was 11,900 RMB/ton, up 1.36% from the previous day..

Analysis review

Since March, the price of raw material propylene has risen first and then fell, and the cost-side support has weakened. According to the monitoring of SunSirs, as of March 15, the domestic price of propylene was 8,544 RMB/ton, a slight increase of 1.31% from 8,433 RMB/ton at the beginning of the month, and the high point was 9,314 RMB/ton.

The domestic vinyl cyanide plant is currently operating normally, and the supply side is relatively loose. However, the vinyl cyanide plant of Jilin Petrochemical and other enterprises will be shut down for maintenance in late March, and the supply side is expected to be tight, which will support vinyl cyanide. Some companies of vinyl cyanide raised their listing prices in March, and market offers followed the rise.

Market outlook

The vinyl cyanide analyst of SunSirs believes that the cost side fluctuates in a narrow range, and the supply and demand side is expected to be tight. It is expected that the price of vinyl cyanide will continue to rise in the later period.

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