Cost pressure still exists, the acrylonitrile market will mainly adjust the range
2023/8/18
From the perspective of the raw material propylene market, the domestic propylene market is finishing after rising. In the early days of the week, some PDH installations in Shandong stopped temporarily for a short period of time, which boosted the mentality of the industry. The quotations of factories were running steadily, and the downstream just needed to support the market. The mainstream transaction prices fluctuated within a narrow range, and the overall trading atmosphere was average. In the latter part of the week, the Zibo PDH plant plans to shut down for maintenance on weekends. The propylene supply pattern is expected to tighten. The news is good for the propylene market. Propylene market stagflation finishing. As of today's close, the mainstream transaction in Shandong is 6,800 yuan/ton, and that in East China is 6,550-6,600 yuan/ton.
From the perspective of the downstream ABS market, the domestic ABS market fluctuated and went down this week. Crude oil and styrene fell during the week, and ABS petrochemical manufacturers’ shipments were under pressure. There were signs of accumulated warehouses, and some operations were reduced, which impacted the market mentality. In the imported material market, affected by the exchange rate, the cost increased, and merchants tried to sell at a higher price. However, the market weakness was hard to change, and the trading atmosphere in the market was relatively deserted. This week, the average operating rate of domestic ABS devices was 86.23%, an increase of 3.43% month-on-month and a year-on-year decrease of 0.26%. Daqing Petrochemical produced qualified products, and the plant resumed normal production; Zhenjiang Chimei started less than 50%; Zhangzhou Chimei started about 80%; Tianjin Dagu started 80-90%; Jihua (Jieyang) started 8.5-90%; production; Guangxi Changke produces AS; Zhangjiagang Trinseo has started 80% of its production; the rest of the manufacturers maintain stable production.
On the whole, the domestic propylene market will be adjusted within a narrow range next week, and cost pressures still exist. At present, the acrylonitrile market is mostly operating smoothly. Although some factories and devices are shut down, the overall supply pressure remains undiminished, and the downstream purchasing sentiment is general. However, acrylonitrile factories have obvious willingness to raise prices, and the industry is waiting to see the dynamics of major manufacturers. In the short term, the acrylonitrile market will mainly adjust its range, and attention still needs to be paid to the operation of equipment and the month-to-month settlement of major manufacturers.
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