Acrylic prices may continue to rise in 2017

China Coatings Online News
in 2016, the chemical industry emerged from the gloom of 2015, the prices of most products stabilized and rebounded. In particular, butylene, acrylic, titanium white powder, aromatics increased significantly, according to monitoring data show that butylene at the end of December 2015 factory average price of 5526 yuan / ton, the current price is basically about 15170 yuan / ton, up 170%; Acrylic at the end of December 2015 factory average price of about 5580 yuan / ton, the current price of 10566 yuan / ton, an increase of 90%; Titanium white powder, aromatics also rose by more than 60%. In addition to rising prices in the chemical industry, the upward cycle is generally concentrated in the second half of the year.
as one of the raw materials for coatings, acrylic prices did not rise all the way in 2016, with prices hovering between 6,000 and 7,000 yuan per ton in the first ten months of 2016. Into October prices all the way up, two months rose nearly 3000 yuan / ton.
, acrylic prices can not be separated from the high cost. Crude oil prices in 2016 as a whole are steadily rising, partially experienced the June and July adjustment, the second half of the year finally stood at $50/barrel. U.S. WTI January crude futures closed down $0.02, or 0.04 percent, at $51.02 a barrel as of Thursday (December 15), while ICE Brent February crude futures closed up $0.51, or 0.93 percent, at $54.23 a barrel. Brent crude futures were trading at $53, down from a low of $53.15 on December 8. Oil prices closed little changed, falling to a one-week low after repeated in-day moves, but the dollar rally did not push prices below technical support levels as members of the Organization of the Petroleum Exporting Countries told clients they would cut supplies. Acrylic upstream acrylic is one of the most important petrochemical raw materials, the linear relationship between price trend and crude oil price is self-evident. The price of acrylic in 2016 has risen to 7500 yuan/tonne from 4800 yuan/tonne in the spring, up 55%. The average price of acrylic-acrylic spreads in the last three months has been 778 yuan, 1902 yuan, 3389 yuan, acrylic spreads have skyrocketed, and acrylic has now entered a high profit range. The acrylic-acrylic spread continued to rise 275 yuan per ton this week, up 8.7 percent.
the cost side, the second half of the market news side is also one of the factors that promote the rise.
G20 summit period, the plant operating rate is generally not high, in early August, Lanzhou Petrochemical 80,000 tons / year acrylic device parking maintenance, Shenyang waxed acrylic and ester device parking maintenance, the rest of the domestic production enterprises acrylic and ester devices have more negative, such as Nanjing Yangba plant started to reduce to about 70%. The supply and demand side of the market has changed, and acrylic prices rose slightly in August.
Following an explosion at BASF's plant in Ludwiggang on October 17th, BASF announced that some products derived from acrylic monosomes would be subject to force maje force in delivery as a result of the fire, with BASF's acrylic plant, according to statistics, producing 310,000 tonnes of acrylic plants, accounting for a third of the total production capacity in Europe; Acrylic production capacity of 390,000 tons, accounting for 1/2 of the total production capacity in Europe, the European market to face the supply gap for Chinese enterprises to bring opportunities, after the BASF explosion in Germany, downstream end-users concentrated procurement of stock, while the domestic market spot supply gap rapidly expanded.
At about 17:50 on November 25th, Jiangsu Sanmu Logistics Co., Ltd., located in Taixing Economic Development Zone, found a leak while unloading propane, and the pipe caught fire. It is understood that at present, Jiangsu Sanmu acrylic and butyl ester devices have all stopped, pending inspection, restart time has not been determined.
the beginning of 2016, affected by the 2015 price downturn, acrylic enterprises operating rate is not high, the impact of the three major events on the supply side has become the main cause of market growth. Acrylic acid enters the recovery cycle. Acrylic supply side has about 700,000 tons of production capacity exit, the future as demand continues to grow, the operating rate is expected to gradually return to a higher level of 85%, industry concentration will also be greatly increased. However, on the face of it, the market news side determines the price of acrylic, but in fact it is mainly due to the fact that the industry is indeed in the right channel of the rebound in business climate, the supply side changes slightly, the price will be very flexible. Acrylic prices may still rise in early 2017, but it's hard to know what's changed in the long year.
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