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Recently, Kevin Longworth, director of research and analysis of acrylonitrile business at IHS Markit, said that in recent years, the global acrylonitrile market has often experienced price fluctuations, production interruptions and demand fluctuations
He said the sharp market recovery in the fourth quarter of 2020 surprised many producers, with global acrylonitrile demand estimated to fall by only 5.
He said the sharp market recovery in the fourth quarter of 2020 surprised many producers, with global acrylonitrile demand estimated to fall by only 5.
Longworth said that the current supply situation of acrylonitrile in Asia is still in balance between supply and demand, but the total production capacity of the producers of South Korea's Tong Suh, Japan's Asahi Kasei and Thailand's PTT Asahi is 930,000 tons / year, accounting for 13% of the global acrylonitrile production capacity.
The main raw materials for acrylonitrile production are propylene and ammonia, and propylene is posing a challenge to U.
As an important net exporter of acrylonitrile, the United States is forecast to export up to 500,000 tons this year
Europe is a net importer of acrylonitrile.
European buyers relying on spot purchases of acrylonitrile may be forced to cut production as spot offers have exceeded $2,000/t cfr
.
For acrylic fiber manufacturers, such high-priced acrylonitrile will completely disappear the already meager profits
.
However, for ABS producers, there is still some room for them to pay higher spot prices for acrylonitrile
.
ABS profit margins are at record levels and buyers are scrambling to find supplies of acrylonitrile
.
Longworth said that the supply of acrylonitrile in Europe and the United States is expected to remain tight for the rest of the first quarter, and many market participants believe that the easing of supply constraints may not wait until April
.
