Price trend

In late August (8.21-8.30), the vinyl cyanide market saw a significant increase. According to the Commodity Market Analysis System of SunSirs, as of August 30th, the bulk vinyl cyanide price in the market was 8,800 RMB/ton, an increase of 5.86% from 8,321 RMB/ton on August 21st. As of 30th, the self delivered price of vinyl cyanide in the market was between 8,700 to 8,900 RMB/ton. The slight increase in raw material prices still provided cost support for vinyl cyanide; Downstream construction had increased compared to the early stage, with a slight increase in demand for vinyl cyanide; The operation of the vinyl cyanide unit was basically stable, and the price of vinyl cyanide had increased.

Analysis review

Recently (8.21-8.30), the operating rate of vinyl cyanide in China was basically stable, with a operating rate of around 7.70%.

Recently (August 21- August 30), the raw material propylene market had slightly increased, and the cost of vinyl cyanide continued to support. According to the Commodity Market Analysis System of SunSirs, as of August 30th, the domestic propylene price was 6,938 RMB/ton, an increase of 1.28% from 6,850 RMB/ton on August 21st.

It is understood that as of the end of August, downstream ABS prices had risen and the start of construction had increased to around 90%, indicating an increase in demand for vinyl cyanide compared to the previous period; Except for Jinpu Yingsa's parking and maintenance, the overall industry's production of Vinyl cyanide-butadiene rubber remained stable, while the production of acrylic fiber remained low. Overall, the downstream main industry of vinyl cyanide had seen a slight increase in construction, and demand had stronger support for vinyl cyanide.

Market outlook

According to vinyl cyanide analysts from SunSirs, as of August 30, the supply side was stable and the demand side hadimproved to some extent. In addition, with high raw material prices, it is expected that the vinyl cyanide market price will maintain a strong and exploratory upward trend in the short term.

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