Supply in East China decreased this week, while demand remained generally stable. Suppliers pushed up prices while local inventories continued to decline.

According to statistics, as of September 10, domestic vinyl cyanide factory inventories were approximately 41,000 tons, down 1,800 tons from the previous week.

Jilin Petrochemical's new unit successfully commenced production this week, adjusting the total capacity base to 5.421 million tons/year. Consequently, despite increased production, capacity utilization still declined.

According to statistics, as of September 11, the average capacity utilization rate of the domestic vinyl cyanide industry reached 71.90%, down 0.95% from the same period last week. Weekly output was approximately 81,900 tons, an increase of 4,000 tons from the previous week.

On September 11, Lihuayi reduced its vinyl cyanide spot price by 100 RMB/ton to 8,300 RMB/ton ex-factory. The actual transaction was negotiated. The unit has a capacity of 260,000 tons/year and is currently operating normally.

As an integrated internet platform providing benchmark prices, on September 12, the benchmark price of vinyl cyanide on SunSirs was 8,166.67 RMB/ton, a 2.94% increase from 7,933.33 RMB/ton at the beginning of the month.

Application of SunSirs Benchmark Pricing：

Traders can price spot and contract transactions based on the pricing principle of agreed markup and pricing formula (Transaction price=SunSirs price + Markup).

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