SunSirs: Vinyl Cyanide Market Slightly Declined

Price trend

This week (6.5-6.12), the vinyl cyanide market slightly declined. According to the Commodity Market Analysis System of SunSirs, as of June 12th, the bulk vinyl cyanide price in the market was 8,137 RMB/ton, a decrease of 1.81% from last Monday's 8,287 RMB/ton. As of 12th, the self-delivered price of vinyl cyanide in the market was between 7,800 to 8,200 RMB/ton. raw material prices were consolidated at a low level, the support for vinyl cyanide was weak; The downstream atmosphere was weak, prices decreased and the operating rate slightly decreased, and the demand for vinyl cyanide continued to be weaker; In addition, the supply side was still relatively loose, and the vinyl cyanide market had slightly declined; But with the increase of parking companies, the downward trend of vinyl cyanide had decreased.

Analysis review

This week (6.5-6.12), the domestic vinyl cyanide operating rate slightly decreased, but the overall supply side remained loose. Anqing Petrochemical's 210,000 tons/year vinyl cyanide unit was shut down from June 5th.

Recently (6.5-6.12), the raw material propylene market consolidated at a low level, and the cost support for vinyl cyanide continued to be weaker. According to the Commodity Market Analysis System of SunSirs, as of June 12th, the domestic propylene price was 6,255 RMB/ton, a decrease of 0.24% from last Monday's 6,270 RMB/ton, and the cycle high was 6,325 RMB/ton.

Downstream ABS prices consolidated at a low level, but industry device starts continued to decline slightly to around 81%, and the rigid support for vinyl cyanide continued to weaken; Domestic acrylonitrile-butadiene rubber declined slightly, the price of PAM was consolidated at a low level, and the support for vinyl cyanide was mainly weaker.

Market outlook

Vinyl cyanide analysts from SunSirs believe that as of the 12th, the supply of vinyl cyanide was still loose, coupled with the continued weakening of demand and low consolidation of cost, it is expected that the vinyl cyanide market will be weak and volatile in the short term; If parking and maintenance devices continue to increase in the later stage, the price of vinyl cyanide may be expected to stop falling and rebound.

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