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SunSirs: The Vinyl Cyanide Market Fell Slightly in April
May 05 2022 11:03:11SunSirs(John)

Price trend

The price of vinyl cyanide fell slightly in April. According to the monitoring of SunSirs, as of April 30, the price of vinyl cyanide was 11,560 RMB/ton, down 2.03% from the price of 11,800 RMB/ton at the beginning of the month.

Analysis review

The price trend of vinyl cyanide in April was mainly affected by the supply and demand side. The price of propylene, a raw material of vinyl cyanide, rose slightly by 2.61% in April, and the cost-driven increase was not obvious. In terms of supply and demand, at the beginning of the month, domestic companies such as Shanghai Secco, Keluer, Shandong Haijiang and other enterprises shut down a total of 910,000 tons of per year vinyl cyanide for maintenance. The pressure on the market supply eased, and the price of vinyl cyanide was mainly stable; In the later period, on the one hand, the first-line Shanghai SECCO vinyl cyanide plant resumed normal operation, and on the other hand, the downstream demand was weak due to the domestic epidemic control, and the price of vinyl cyanide fell slightly again. The price of raw material propylene rose slightly in April, and the cost side had support.

According to the understanding of SunSirs, the effective domestic production capacity of vinyl cyanide in April was around 3.5 million tons, and the overall operating rate was 60% to 70%. The vinyl cyanide plants in Keluer and Shandong Haijiang continued to shut down. Lihuayi, Tianchen Qixiang, and Anqing Petrochemical Co., Ltd. , Lanzhou Petrochemical and other manufacturers were operating at full capacity, and the domestic supply was still relatively loose.

The price of raw material propylene rose slightly in April, and the cost support was limited. According to the monitoring of SunSirs, as of April 30, the domestic price of propylene was 8,414 RMB/ton, an increase of 2.61% from the price of 8,200 RMB/ton at the beginning of the month.

In April, the downstream ABS of vinyl cyanide started in the range of 70% to 90%, the start of acrylic fiber and nitrile rubber was stable, and the supply and demand of the vinyl cyanide market was relatively flat.

Market outlook

The vinyl cyanide analyst of SunSirs believes that the current cost is basically stable, the supply side is still under pressure, and the downstream demand increaseh slightly at the end of the month. It is expected that the vinyl cyanide market will continue to fluctuate and consolidate in the later period.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com

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