ACN Weekly Report 28 July 2018

Weekly Price Trend: 23-07-2018 to 27-07-2018

• The above given graph focuses on the ACN price trend from 23rd July to 27th July 2018.
• Domestic prices reduced heavily for this week. Prices were assessed around Rs.155/Kg for bulk quantity by end of the week for Kandla port. There has been heavy slowdown in the domestic prices in one week.

Booking Scenario

The above chart shows the international prices of ACN. CFR India prices of ACN were assessed in the range of USD 2210-2230/MT.

INDIA& INTERNATIONAL

• Prices of ACN were assessed around Rs.155/kg, slightly reduced by Rs.8/Kg for this week.
• CFR India prices of Acrylonitrile were assessed in the range of USD 2200-2220/MT, reduced by USD 10/MTS in compare to last week’s closing values.
• At present the prices for ACN are at its peak in last more than five years. The sole reason for this hike has been the limited supply of the chemical across the globe.
• The other major reason is that many of the major ACN manufacturing units has scheduled their maintenance in next few months. Costing factor no more depends on feedstock values only follows the supply trend.
• Many ACN units will undergo maintenance. Some of are listed below.
• Haili Chemical Industry Co Ltd will start a new ACN  unit in the July end. This start will surely make a difference in the supply glut. The Asian market is facing severe shortage in the supply of ACN in the south Asian market.
• Unit is based at Shandong province of China and has the manufacturing capacity of 1,30,000 tonnes/year.
• ACN unit will be shut down by Shanghai SECCO for annual maintenance turnaround by end of September The unit is likely to remain off-stream for around two months and will resume its production by November end.
• The unit is based at Shanghai in China and has the manufacturing capacity of 5,20,000 mt/year.
• ACN unit will be shut down by Jiangsu Sailboat Petrochemical for maintenance turnaround by end of this week The unit is likely to remain off-stream for around one month and will resume its production by August end. The unit is based at Lianyungang in China and has the manufacturing capacity of 2,60,000 mt/year.
• The leading petrochemical manufacturer Formosa Plastics has announced its maintenance schedule for the ACN  unit. The unit is likely to go off-stream in the last week of August and is likely to remain off-stream for around 45 days. Unit may resume its production in the second week of September.
• Unit is based at Mailiao n Taiwan and has the manufacturing capacity of 2,80,00 tonnes/year.
• Feedstock Propylene market reduced for this week. FOB Korea values were assessed around USD 1045/MT while CFR China values were assessed around USD 1070/MT while CFR SEA values assessed around USD 965/MT.

$1 = Rs. 68.65
Import Custom Ex. Rate USD/ INR: 69.60
Export Custom Ex. Rate USD/ INR: 67.90