February 20Th Market Morning Post: Do Not Rule Out The Acrylic Fiber Manufacturers Follow Down Action
1. concerns
The overall load of Jilin chemical fiber acrylic fiber plant is up to 5, and Hangzhou Bay acrylic fiber and Ningbo new China stop.
2. basic data
Source: lung Chung
3. price list
industry | product | Area / unit | February 18th | February 19th | Ups and downs | Ups and downs |
Acrylic fibres | acrylonitrile | East China port (yuan / ton) | Nine thousand and six hundred | Nine thousand and six hundred | Zero | 0% |
Shandong market (yuan / ton) | Nine thousand and six hundred | Nine thousand and six hundred | Zero | 0% | ||
CFR Far East (US $/ ton) | One thousand three hundred and thirty | One thousand three hundred and thirty | Zero | 0% | ||
Acrylic fibres | 1.5D*38 (yuan / ton) | Fourteen thousand and one hundred | Fourteen thousand and one hundred | Zero | 0% | |
3D normal (yuan / ton) | Fifteen thousand and six hundred | Fifteen thousand and six hundred | Zero | 0% | ||
acrylonitrile | The main manufacturers of acrylonitrile have all lowered their quotations, and the industry estimated the level of settlement in February or 9500-9600 yuan / ton. Downstream factories continue to cut production, SMEs return to work slowly, market buying is still scarce, supply and demand contradictions are still not alleviated. Middlemen did not offer to continue to follow the trend of manufacturers. | |||||
crude oil | 2/19: US sanctions against Russia's oil company's subsidiary, Libya's crude oil supply is facing contraction risk, coupled with the improvement of public health factors, the international oil price seven continued to rise. WTI53.29 rose 1.24 US dollars / barrel; Brent 59.12 increased 1.37 US dollars / barrel. | |||||
Source: lung Chung
4. suggestion
Downstream textile enterprises to resume work slowly, acrylic fiber demand in the short term is difficult to see dawn, manufacturers continue to take measures to limit production under the pressure of sales and inventory, but there is no intention of price cuts, considering the price adjustment action has no substantive effect on the current sales. However, the price of raw acrylonitrile continued to decline, with the difference between the two widened, do not rule out the acrylic fiber manufacturers also have a downward movement.
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