Global demand for acrylonitrile will exceed 5 million tons this year

As demand growth in Asia exceeds expectations, global demand for acrylonitrile will increase by 7% this year and exceed 5 million tons. According to the statistics of Tecnon OrbiChem of the United Kingdom, the global acrylonitrile production capacity is approximately 6.2 million tons/year. This year, there are no other planned projects besides two new installations planned to be put into production in China and Thailand. It is expected that the global supply of acrylonitrile will be tight in the next few years. carry on.

It is predicted that acrylonitrile needed for the production of polypropylene fiber will remain unchanged this year, and acrylonitrile required by other applications will increase by 14%, and the demand growth rate has far exceeded expectations. Driven by the increase in demand from the Chinese home appliance market, demand for ABS resin applications will increase by 10%. Industry insiders predict that if ABS applications continue to grow, its share of ABS downstream demand may reach the level of polypropylene fiber demand.

In 2009, the growth of polypropylene fiber production led to a 5% increase in demand for acrylonitrile, reaching 4.7 million tons. In the first half of this year, due to planned maintenance of major production facilities in Japan, Korea, and Taiwan, coupled with strong downstream demand growth, the supply of acrylonitrile in the market was very tight, which led to a significant increase in prices, which rose from $1,850/ton at the beginning of the year to the recent More than 2200 US dollars / ton, profitability has also continued to increase.