Price trend

The price of vinyl cyanide rose sharply this week (10.17-10.24). As of October 24, the price of bulk vinyl cyanide in the vinyl cyanide market was 10,820 RMB/ton, up 5.56% from 10,250 RMB/ton on last Monday. As of the 24th, the price of domestic vinyl cyanide was between 10,700 and 11,200 RMB/ton, and it was difficult to find low price goods in the market, and traders were reluctant to sell.

Analysis review

Vinyl cyanide started at a low level, and some enterprises planned to stop for maintenance in the near future, so the supply side is expected to be tight in the later period. According to SunSirs, as of the 24th, the operating rate of vinyl cyanide in China was around 70%. The 210,000 t/a vinyl cyanide unit of Anqing Petrochemical was planned to be shut down for maintenance for 60 days at the end of October; The 260,000 t/a vinyl cyanide unit in Kruer was planned to be shut down for maintenance in the first ten days of November.

This week (10.17-10.24), the raw propylene market declined slightly, and the cost support weakened. According to the monitoring of SunSirs, as of October 23, the domestic propylene price was 7,426 RMB/ton, down 0.13% from the price of 7,436 RMB/ton on October 17. As of the 23rd, the mainstream quotation of domestic propylene (Shandong) market was 7,400-7,450 RMB/ton, and the enthusiasm for propylene demand declined. The factory sold at a discount.

In October, ABS at the downstream of vinyl cyanide continued to operate at a high level of 80% to 90%; The operating rate of acrylic fiber, polyacrylamide and nitrile rubber industries remained stable, and the downstream demand had a rigid demand support for vinyl cyanide.

Market outlook

Vinyl cyanide analysts from SunSirs believed that although the cost of vinyl cyanide decreased slightly, the supply of vinyl cyanide will be tight in the short term, and the downstream continue to have rigid demand support, it is expected that the vinyl cyanide market will continue to maintain a high level in the later period.

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