Jiangsu Sailboat Acrylonitrile China
Jiangsu Sailboat again increased prices of ACN in China for CNY400 per ton Jiangsu Sailboat Acrylonitrile China
MOSCOW – Jiangsu Sailboat Petrochemical, a major producer of petrochemical products in China, raised its weekly prices for acrylonitrile (ACN) in the country by 400 yuan (CNY) or USD58 per tonne on May 22, a company representative told ICIS
Thus, now the May prices of ACN companies are at the level of CNY15,000 or USD2,174 per ton. Jiangsu Sailboat Acrylonitrile China
This is the second time the company has raised the prices of the DCA last week, the first time the increase was announced on May 20 and also made a similar amount.
The rise in prices of Jiangsu Sailboat Petrochemical was caused by an increase in quotations on the domestic spot market, despite their slight decline on 21 May.
So, on May 21, spot prices were in the range of CNY15 300-15 500 per ton, ex-tank (tank cistern) East China, which is CNY200 per ton below the level of the previous day.
The company’s ACN plant with a capacity of 260 thousand tons per year is currently operating at full capacity, a company source said.
Acrylonitrile is one of the main raw materials for the production of acrylonitrile-butadiene-styrene (ABS).
According to the ICIS-MRC price review , in April, the import of ABS in Russia amounted to 3.10 thousand tons against 2.83 thousand tons a month earlier and 2.20 thousand tons in April last year. Jiangsu Sailboat Acrylonitrile China
In January-April of this year, imports of ABS in the Russian Federation grew by 6% compared to the same period last year: from 9.75 thousand tons to 10.37 thousand tons.
Jiangsu Sailboat Petrochemical, a subsidiary of the Shenghong Holding Group, is a major producer of petrochemical products, including polyethylene and ethylene-vinyl acetate, in China. The company’s production facilities are located in the new industrial park of Suway (Xuwei) in the city of Lianyungang, Jiangsu Province.
Author: Margarita Volkova