SunSirs--China Commodity Data Group

Sign In

Join Now

Contact Us

Home > Vinyl cyanide News > News Detail
Vinyl cyanide News
SunSirs: The Vinyl Cyanide Market Was Declining Weakly (July 8-15)
July 15 2022 15:38:17SunSirs(John)

Price trend

According to the data monitoring of SunSirs, the vinyl cyanide market fell weakly this week (7.8-7.15). As of July 15, the price of vinyl cyanide is 10,580 RMB/ton, down 1.12% from last Friday's 10,700 RMB/ton.

Analysis review

The supply side of the domestic vinyl cyanide industry is still in a loose state, the market transaction is deadlocked, and traders sell stocks at low prices. As of July 15, the vinyl cyanide market offer in East China is between 10,200 and 10,800 RMB/ton.

Although the price of raw material propylene rose slightly this week (7.8-7.15), the price was at a low level in recent months, and the cost support was still weak. According to the monitoring of SunSirs, as of July 15, the domestic price of propylene is 7,634 RMB/ton, an increase of 2.33% from last Friday's 7,460 RMB/ton.

Since July, the operating rate of downstream ABS has dropped to around 80%, and the operating rate of the acrylic fiber and acrylamide industries has declined slightly. The demand side is slightly weak, but there is still some support for vinyl cyanide; the supply side of vinyl cyanide continues to be under pressure.

Market outlook

The vinyl cyanide analyst of SunSirs believes that the current pressure on the cost of supply area restricts the upward momentum of vinyl cyanide, and it is difficult to change in the short term. It is expected that the price of vinyl cyanide will continue to fluctuate at a low level in the later period.

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

Exchange Rate:

8 Industries
Energy
Chemical
Rubber & Plastics
Textile
Non-ferrous Metals
Steel
Building Materials
Agricultural & Sideline Products