It is reported that Simon Garmston, global director of the acrylonitrile business of HIS Chemical Company, said that for the long-term healthy development of the acrylonitrile industry, new production capacity is necessary, but in order to avoid the oversupply dilemma in the acrylonitrile market in recent years, new additions Timetable for production capacity is key. Speaking at the 2016 IIS World Petrochemical Congress in Houston this week, Garmston said that after a period of slow demand growth and the gradual commissioning of some units in China, the average operating rate of global acrylonitrile units has dropped significantly.
Garmston said demand for acrylonitrile from acrylic fiber producers has been declining since the mid-2000s, masking the true outlook for acrylonitrile supply and demand balance. Garmston said: “Acrylic demand has struggled since 2005, mainly due to higher prices compared with polyester, but this has masked growth in demand for other acrylonitrile derivatives. Current acrylic demand has stabilized, and new demand will be needed in the future. Acrylonitrile production capacity. There are currently no new projects moving forward in the world, but there are already some projects in the pipeline. However, the timetable of any new units will be very important, because a world-scale acrylonitrile unit is equivalent to global demand. About 5%. Producers need to carefully calculate the time for any new production capacity to be put into production, because the current supply and demand balance in the acrylonitrile market is still fragile.”
Garmston predicts that if no new production capacity is put into production, the supply and demand situation in the global acrylonitrile market will become increasingly tight after 2017.
