PetroChina Jilin Petrochemical ACN prices
PetroChina Jilin Petrochemical reduced November ACN prices in China for CNY1,000 per tonne PetroChina Jilin Petrochemical ACN prices
MOSCOW – PetroChina Jilin Petrochemical, a subsidiary of the Chinese petrochemical giant PetroChina, reduced the price offers of acrylonitrile (ACN) in China for the fourth time this month, now by 1,000 yuan (CNY) or USD143.9 per a ton from the previous level, a source in the company told ICIS .PetroChina Jilin Petrochemical ACN prices
Thus, the new November price proposals for the company’s material in the country from November 28 are at the level of CNY12,000 or USD1,727 per tonne, ex-warehouse (ex warehouse).PetroChina Jilin Petrochemical ACN prices
Domestic spot ACN prices in China have been fluctuating at low levels since mid-November due to weak demand from the downstream market for the production of acrylic yarns.
PetroChina Jilin Petrochemical operates four ACN plants in Jilin Province (Jilin province, China) with a total capacity of 452 thousand tons per year.
In particular, plants No. 1 and No. 2 have a capacity of 106 thousand tons per year, while the capacity of enterprises No. 3 and No. 4 is 120 thousand tons per year each.
Currently, these plants operate at full capacity, the source said.
Earlier, it was noted that on November 2, PetroChina Jilin Petrochemical reduced the price proposals of ACN for CNY1 800 (USD260) per ton compared to the previous level – to CNY15,000 or USD2,167 per ton, ex-warehouse, and on November 9 USD72) per ton – up to CNY14,500 or USD2,083 per ton. PetroChina Jilin Petrochemical ACN prices
Then, on November 22, PetroChina Jilin lowered the prices of ACN for CNY1,500 (USD216.5) per tonne to CNY13,000 (USD1,876) per tonne.
Acrylonitrile is one of the main raw materials for the production of ABS.
According to the ICIS-MRC Price Review , in the first three quarters of 2018, the import of ABS to Russia increased by 15% to 3.16 thousand tons against 2.76 thousand tons for the same period last year. PetroChina Jilin Petrochemical ACN prices
PetroChina is one of the largest companies in China and is one of the key players in the country’s oil and gas market.
Author: Margarita Volkova