In December, The Acrylonitrile Market Was Eager To Foreshadowed The Market In January.

December

The market can be described as ups and downs. In the first half of the month, the market was not favorable to boost, the manufacturers stocked appropriately, and the paction was slow.

Raw materials propylene continued to rise, downstream purchasing enthusiasm did not rise, terminal demand performance in general.

The latter half of the month was strongly supported by the cost side of propylene, and the inventory of the merchant remained low, and the flux of acrylonitrile was not large.

The market is strong, and the focus of the paction has moved upward.

At the end of the month, and due to the announcement of the 260 thousand ton / elderly installation plan in February 20, 2017, the company's mentality was enhanced, and the price went up obviously.

As of December 30th, the mainstream of acrylonitrile outlet in Huadong port was reported at 10500-10600 yuan / ton, and the odd and small bills were sold at a higher price.

According to price monitoring, the domestic propylene market began to rise in December and then fell. As of December 26th, the mainstream quotation of East China propylene market was 8027.22 yuan / ton.

Affected by the high volatility of crude oil, the propylene market has entered a steady down channel after rising, and the atmosphere of the paction has weakened.

All manufacturers kept a small amount of stock, and there was no significant change in the field.

downstream

Normally, they are maintained at 8-9 per cent and the demand side is acceptable.

Among them, the Shanghai Petrochemical Acrylic Fiber Plant was restarted on schedule, and the 20 thousand ton / year acrylic fiber differential device of Jilin chemical plant was successfully put into operation, and the demand for acrylonitrile was enlarged.

According to the price monitoring of business associations, as of December 31st, the mainstream of 1.5D acrylic fiber staple was quoted at 12730 yuan / ton, up 0.43% from the beginning of the month, up 4.77% from the same period last year.

A total of 17 thousand and 30 tons of acrylonitrile raw materials were imported in November 2016, with a total of 276 thousand and 950 tons in the year, a decrease of 22.95% over the same period last year; the average price of this month was 1331.58 US dollars / tons, up 32.96% over the same period of last year.

Although the price of propylene has been slightly reduced, it still maintains high operation and has no significant impact on the field.

And the recent downstream demand continues to follow, the market supply exceeds demand is becoming increasingly obvious. Many devices are opening up, making demand constantly widening.

Short term acrylonitrile market is expected to rise and fall, and we need to pay close attention to changes in the market and supply and demand side.

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At the beginning of December, OPEC reached a production reduction agreement, which led to a sharp rise in overnight oil prices, and the price of polyester raw materials MEG rose rapidly. The cost of polyester market was increased day by day under the support of cost, and so did polyester and short market.

Although the downstream yarn manufacturers are more resistant to the price rise of polyester staple fibers, the staple products of polyester staple fiber manufacturers are low in stock, and the purchasing power of raw materials is rising and the market outlook is expected to be better. The price increases substantially, and some manufacturers close their plates.

After the Federal Reserve raised interest rates, the market cooled down, and downstream yarn manufacturers were also driven by excessive raw material gains and some early leave.

The upstream PTA spot market price rose all the year round, and the price rose steadily in the first quarter. The two or three quarter was the shock adjustment period, and entered the rising channel again in the fourth quarter.

As of December 31st, the PTA spot market was quoted at 5290 yuan / ton, up 21.14 from the beginning of the year.

The annual market price trend of polyester yarn in the lower reaches is basically the same as that of polyester staple fiber. In the first quarter, prices continued to rise under the support of cost, followed by cost shocks in the two or three quarter, and with the rise of polyester staple in the fourth quarter, Saya also rose.

According to price monitoring, as of December 31st, 32S's pure polyester yarn market was quoted at 13062 yuan / ton, up 27.94% from the beginning of the year, or slightly lower than that of raw polyester staple fiber.

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