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SunSirs: The Vinyl Cyanide Market Operated at High Levels
October 12 2023 09:59:46SunSirs(John)

Price trend

Recently (9.28-10.11), the vinyl cyanide market was operating at a high level. According to the Commodity Market Analysis System of SunSirs, as of October 11th, the market price of bulk vinyl cyanide was 9,825 RMB/ton, maintaining stable operation. As of October 11th, the mainstream price for self delivery price of vinyl cyanide in the market was between 9,700 to 10,000 RMB/ton. The high price of raw materials had slightly decreased, and the cost continued to support vinyl cyanide; Small fluctuations in the high starting point of the main downstream ABS; The construction of vinyl cyanide units slightly decreased, with slight support from the supply and demand side, and the price of vinyl cyanide slightly increased.

Influencing factors:

Recently (9.28-10.11), the overall stability of domestic vinyl cyanide production was achieved, with expectations for the restart of Fushun Petrochemical and Tianchen Qixiang units in the later stage, and there were plans for the shutdown of Shandong Haijiang units.

In the recent period (9.28-10.11), the raw material propylene market experienced a high and narrow decline, and the cost support for vinyl cyanide had slightly weakened. According to the Commodity Market Analysis System of SunSirs, as of October 11th, the domestic propylene price was 7,200 RMB/ton, a decrease of 0.96% from the 7,270 RMB/ton before the holiday.

It is understood that as of early October, downstream ABS construction remained at a high level of 90%, which still required strong support for vinyl cyanide; the operation of acrylonitrile-butadiene rubber and polyacrylamide were stable. Overall, vinyl cyanide still has rigid support in the short term.

Market outlook

Vinyl cyanide analysts from SunSirs believe that the supply of vinyl cyanide is loose, and some units are expected to restart in the future; There is some support on the demand side, and raw material prices have slightly declined. Overall, it is expected that the vinyl cyanide market will consolidate at a high level in the short term. In the future, with further improvement in the supply side and a slight weakness in the downstream market, the vinyl cyanide market may weaken slightly.

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