Price trend

According to the data monitoring of SunSirs, the vinyl cyanide market recovered this week (2.25-3.4). As of March 4, the price of vinyl cyanide was 11,900 RMB/ton, an increase of 4.57% from last Friday's 11,380 RMB/ton. Some companies have maintenance plans for vinyl cyanide plants in March and April, which boosted the bullish atmosphere in the market. As of March 4, the mainstream of vinyl cyanide market offers in East China was between 11,400 and 12,000 RMB/ton.

Analysis review

This week, driven by the sharp rise in international crude oil prices, the price of raw material propylene rose sharply, and the cost side had strong support for vinyl cyanide. According to the monitoring of SunSirs, as of March 4, the domestic price of propylene was 9,017 RMB/ton, an increase of 9.96% from last Friday's 8,200 RMB/ton.

The downstream ABS market rose slightly, and the industry started under high load; acrylonitrile-butadiene rubber was basically stable, and the start of construction was mainly stable; the downstream yarn sales of acrylic fiber were generally stable, the supply and demand of acrylic fiber were mainly stable, and the downstream had a certain rigid demand support for vinyl cyanide.

Market outlook

The vinyl cyanide analyst of SunSirs believes that although the new plant is put into operation and the supply pressure is high, some enterprises have maintenance plans in March and April. It is expected that the pressure on the supply side will ease in the later period, coupled with the support from the demand side, it is expected that the price of vinyl cyanide may increase in the later period.

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