Market Analysis and Prediction of Acrylic Fiber and Other Products

Since entering into the second half of October, the spot market for the acrylic raw material upstream of the domestic acrylic fiber market has been relatively light, and the sales pressure of manufacturers in some domestic regions has been relatively high. Sinopec North China Sales Branch adjusted Qilu Petrochemical's acrylonitrile product list quotation in October, lowering the price by 500 yuan/ton from the previous quotation, and the current factory quotation was 14,300 yuan/ton. Shanghai Petrochemical, Anqing petrochemical products ex-factory price at 14,300 yuan / ton. The price of Fushun Petrochemical was 14,600 yuan/ton, and the ex-factory price of Jilin Chemical Group was 14,100 yuan/ton. The spot price of the port is 13300-13400 yuan/ton, the actual transaction price is mainly low-end, and some low-end prices are 13,000 yuan/ton, but it has not been confirmed by the transaction. Shandong factory price 14500-14600 yuan / ton, Lianyungang offer 13400-13500 yuan / ton.

The trading atmosphere in the outer disk acrylonitrile market was also relatively light. Affected by the weak downstream demand and the continued decline in the spot prices in China, the sales volume of manufacturers declined, and the inventory of some manufacturers increased. Asahi Kasei Corporation announced that in November 2011, the CFR Far East Acrylonitrile Contract Proposal Price (FECP) was lowered by US$300/t to US$2,000/t (CFR Far East) compared to the October offer.

The market atmosphere of domestic acrylic staple fiber market is relatively flat, due to the market's bearish wait-and-see trend, downstream buyers' enthusiasm for procurement is not high, although the general domestic manufacturers of acrylic staple fiber product inventory is not high, but the lack of favorable factors lead to the price can not be stable. In some parts of East China, the quotation for 1.5D acrylic fiber staples is 23,000-23,400 yuan/ton. The production of acrylic fiber tow market manufacturers in the domestic region was relatively stable, and the sales situation appeared to be normal. There was no increase in the phenomenon. The procurement enthusiasm of the downstream enterprises was not very high. It was only used for on-demand replenishment, and some markets in East China had 3D tow. The quotation is 23000-23400 yuan/ton.

The spot atmosphere in the outer disk acrylic market remains flat. Affected by falling prices of raw materials and tightening of funds from downstream manufacturers, spot trading is not hot. Japanese flat product prices are priced at 3.9-4.0 USD/kg (L/C90). Ordinary acrylic fiber products are reported at US$2.7/kg (L/C90, CMP), but as processing costs decline and demand from downstream companies is weak, there is a possibility that prices will continue to fall in November, while differentiated products take the goods, but they are subject to raw materials. Downside and downstream manufacturers’ capital tightening effect, spot trading was slightly weaker.

In the earlier period, Taiwan Donghua Synthetic Fiber Co., Ltd. issued an early quotation of all acrylic products in October, which was 190 US dollars lower than the previous month's offer. The 3D tow price was US$2,760 (L/C90, sent to Shanghai), and the production plant started to be low at 70. About %, Japan's Mitsubishi, Toyobo's October acrylic fiber products offer basically stable, flat quoted at 4.05 US dollars / kg. Japan's Mitsubishi and Toyobo's October acrylic fiber product prices were basically stable, flat and other quotes at 4.05 US dollars / kg, anti-pilling products offer at 4.15 US dollars / kg. The Mitsubishi acrylic device is scheduled to be overhauled in November. Acrylic products from Hangzhou Bay were offered at the beginning of October, with 2.5D and 3D tow at 23,400 yuan per ton, 2D tow at 23,600 yuan per ton, and 1.5D tow at 23,800 yuan per ton (cash spot price).

In the second half of October, the average price of acrylic fiber products in the domestic region, the price of cotton staple fiber 1.5D*38mm was stable at about 23,000-23400 yuan/ton, that of medium-long staple fiber 3D*64mm was 22800-23200 yuan/ton, and the acrylic fiber The price of the tow 3D specification is about 23,000-23400 yuan/ton, and the price of the acrylic top 3D specification is about 23800-24400 yuan/ton. The above prices are relatively stable compared to the previous period.

For the downstream acrylic yarn market, it is reported that the price of 32S yarn is 28,000-28,500 yuan/ton, but the sales volume is still weak.

Market Forecast

During the second half of October, acrylonitrile prices in Asia remained depressed despite the weak demand and continued global oversupply. Although producers tried to control production, the prices of acrylonitrile in Asia remained depressed.

In the domestic market, the acrylonitrile market was also affected by the dim atmosphere of downstream acrylic staple fiber market. Due to the market's bearish outlook on upstream and downstream products, and the slowdown of downstream buyer's procurement, it is expected that the domestic market for acrylonitrile in the future market. There are still risks in the market. It is expected that the demand for acrylonitrile in the domestic market will still be weak after the end of October. In the short term, the acrylonitrile market will continue to remain low. At the same time, the acrylic fiber products market is also affected by raw materials, there will be continued weakness in the trend, short-term market is difficult to turn around to support the emergence of acrylic fiber market will continue to focus on finishing.