Summary Of October Quotations: Market Supply Is Abundant, Acrylonitrile Continues To Fall.

According to the statistics of the General Administration of customs, in September 2016, China imported 7 thousand and 400 tons of acrylonitrile, down 76%, down 64% from the same period last year, and the average price was 1169.7 US dollars / ton.

In October 2016, the commodity supply and demand index (BCI) was 0.57, the increase was 3.83%, reflecting the expansion of the manufacturing economy in the month and the trend of rising economy.

With the gradual supply of market supply, acrylonitrile continues to decline. It is expected that the market of acrylonitrile will slow down in November.

Changes.

As of October 31st, the main price of domestic acrylonitrile market was around 10200-10400 yuan / ton, which was basically flat compared with the beginning of the month.

Within month

After the market first rose and then fell, most of the pre maintenance devices resumed normal operation, but the manufacturers' inventory was still low, and the downstream stocking mood was general.

At the close, Sinopec's East China sales branch quoted 10300 yuan / ton spot price, Qilu Petrochemical's spot price quoted to 10300 yuan / ton, and Fushun Petrochemical acrylonitrile spot quotation was 9800 yuan / ton.

At present, the market of propylene in the upper reaches is stable. High crude oil and polypropylene futures are good.

Downstream propylene oxide is affected by environmental protection and planned downtime.

At present, the mainstream quotation of propylene market in China is around 6800-7200 yuan / ton.

The downstream settlement price of acrylic fiber rose slightly, and some parts were overhauled and inventory controlled. At present, the price of 1.5D staple in East China is quoted at 12250-12800 yuan / ton.