Review Of Important Events In Acrylonitrile Market In 2019

The enus global device is subject to force majeure.

In February 2019, the European manufacturer Eris company in the United States, the United Kingdom and Germany, the acrylonitrile plant was subjected to force majeure stop, with a total capacity of 1 million 125 thousand tons / year. The installation in Britain and Germany resumed in April, and the 545 thousand ton / year installation in the US Green Lake was not restarted until the end of July. But after that, the 280 thousand ton facility in the UK was declared permanently closed in 2020. The centralization of the acrylonitrile plant has caused tight supply of acrylonitrile worldwide. In particular, the American elite, because most of its products were exported to Asia, caused a big gap in the Asian market, and also gave China export opportunities.

Accidental shutdown of Shandong Hai Jiang chemical industry

At the beginning of March 2019, the 130 thousand ton / year acrylonitrile plant of Shandong Hai Jiang chemical accident stopped unexpectedly because of its failure. It did not restart until October 8th, and the parking time lasted for seven months. The sudden shutdown of Hai Jiang chemical industry has also become the trigger for the tight supply of acrylonitrile in the first half of the year.

In the past two years, the trigger factors of acrylonitrile price rise are mostly caused by unexpected events, and the main reason is the sudden shutdown of the devices. In July 2017, Qilu Petrochemical's 80 thousand ton / year device stopped production due to environmental protection and other factors, which stimulated the price continued to rise.

Jiangsu's two phase successfully launched

In September 8, 2019, the two phase 260 thousand tons / year acrylonitrile new plant in Jiangsu was successfully put into operation, and the price of acrylonitrile decreased rapidly after the load increased. Judging from the past years, the operation of the new plant basically led to a rapid decline in the price of acrylonitrile. In 2020, the Zhejiang Petrochemical 260 thousand ton project will be put into operation in the two quarter, which will also lead to a decline in the price of acrylonitrile.

Extension of overhaul time for Anqing petrochemical plant

Anqing Petrochemical 210 thousand tons / year of acrylonitrile installed in November 1st to stop and repair, until December 31st, restart the recovery, parking time for two months, the impact of 35 thousand tons. Moreover, due to the original plan to restart before mid December, the delay in driving time also led to an increase in acrylonitrile prices in December.