In May, the market of acrylonitrile accelerated its decline, and domestic manufacturers frequently lowered their quotation, leading to further deterioration of market business mentality. Most of them sold at low prices, and spot offers plunged successively. At the same time, some domestic downstream manufacturers shut down and overhauled, resulting in drastic reduction in demand. The negative impact of negative factors has made it difficult for the acrylonitrile market to recover. There is no suspense if it falls below 20,000 yuan (t price, the same below). Downstream demand reduces the underlying reason for the continuous decline in acrylonitrile prices is the reduction of downstream demand. In terms of acrylic fiber, there is no market for acrylic fiber in the external disk market. Quotes from mainstream manufacturers continue to be firm. However, the price of imported products is still strong. However, the price of import is not reduced. The atmosphere for dealing with the price is light, and spot trading is difficult to achieve. Some manufacturers reduce production or reduce production costs to reduce cost pressure and the impact of weakening demand. . The domestic acrylic yarn downstream yarn factory started to stabilize temporarily, and the quotation also went flat. Affected by the downturn of cotton and viscose, the shipment of acrylic fiber yarn was stagnant. At the same time, Qilu Petrochemical's acrylic device was scheduled to be repaired on May 18; Jimeng's acrylic fiber device has been inspected since May 12th and the maintenance period is about 10 days; afterwards, Qifeng's acrylic device will be scheduled for overhaul for about 10 days, and the demand for raw materials for acrylonitrile Will be further reduced. In terms of ABS, despite the fact that it has entered the peak season for home appliance purchases, demand from the downstream is still weak. Coupled with the recent soaring oil prices, ABS prices in the upper reaches of the other styrene fluctuations, making some businesses remain heavier wait-and-see attitude, the operation is more cautious. The ABS market is gradually falling, shipping is not smooth, plus the price of upstream raw materials dropped, suppliers offer down more than 100 yuan, but the market trading is still small, mostly small singles. The supply of domestic acrylonitrile producers in the market is stable and the operating rate is stable at a high level. The overall operating rate is about 80%. The stock supply is sufficient, and domestic products are flooded with large numbers of markets. The trend of falling prices will continue. In this case, Shanghai, Anqing, Jilin, and Fushun all lowered their acrylonitrile production prices, and Shanghai has already lowered its price by 1,000 yuan in only half a month. At present, the Shandong market sent a quotation of 20,500 to 20,600 yuan, while the eastern and southern ports of China's port market offered quotes of 20,300 to 20,400 yuan. The external disk market is not good The recent Asian acrylonitrile prices have fallen as a whole. Last week, the price of acrylonitrile in the Far East market fell by 30 U.S. dollars to reach 2,820 U.S. dollars in CFR Far East, the Southeast Asian market price dropped by 25 U.S. dollars and the South Asian market price dropped by 25 U.S. dollars. Due to the sharp rise and fall of crude oil and bulk chemicals, the spot price of acrylonitrile in Northwest Europe fell by 25 U.S. dollars from last week's close. Although the acrylonitrile supply in the US market continued to be tight, the global spot market prices showed signs of softening. Shipments in the United States market are expected to be at the level of $2,975, a drop of $25. The higher import inventory is currently higher in spot stocks in East China and Hong Kong, and some merchants have increased their sales pressure. Due to the high cost of imported goods in the early period, and the recent drop in the market, the profit margin has shrunk sharply and a loss has occurred. In May, the overall supply of imported acrylonitrile cargo was basically digested. Only the contracted goods of some manufacturers, and the market's cash supply depended on the inventory in the previous period and the domestic stock. Negative market sentiment On May 11th, data released by the National Bureau of Statistics of China showed that China’s April CPI increased by 5.3% year-on-year and continued to maintain its high level of operation. Investors expect the PBOC to tighten its monetary policy is expected to heat up. On the 12th, the People's Bank of China announced that since May 18th, 2011, the deposit reserve ratio of deposit-taking financial institutions has been raised by 0.5%, and the tightening policy has made the market sentiment more sluggish. At the same time, due to factors such as rising raw material prices, rising wages of corporate workers, and rising interest rates on bank loans, the increase in corporate costs has caused market sentiment to accumulate. At present, the prices of petrochemical manufacturers and external disks are still much higher than the cost of acrylonitrile. There are more profitable manufacturers, and there is room for adjustment of quotation. Acrylonitrile market in the downstream significantly reduced demand, the deterioration of the market mentality and the availability of bad factors such as the impact of negative factors, the market will be further bottoming, East China and the port market, the mainstream offer since the quote will break 20,000 yuan, negotiation prices will continue to fall. 60Cm Width Pvc Wall Panels,Wide Plank Wall Paneling,Wide Plank Wainscoting,Wide Plank Paneling Puyang Shangyi Decoration Material Co., Ltd. , https://www.pysydecoration.com