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Market news on July 29, a 260,000 tons/year acrylonitrile production unit at Lihuayi Lijin Refining & Chemical experienced equipment failure, and the entire unit underwent an emergency shutdown for repair and maintenance, with a maintenance cycle expected to last 5 days. During the maintenance period, the company will suspend external shipments of acrylonitrile products.
Lihuayi Lijin Refining & Chemical is one of the core acrylonitrile producers in China, and the 260,000 tons/year unit stably contributes mainstream regional supply. This unplanned shutdown will phase-wise minimize the circulation volume of domestic acrylonitrile. Coupled with the fact that multiple domestic acrylonitrile units are currently undergoing rotational maintenance cycles, market spot supply will further contract, market sentiment to price support will heat up, and spot prices will receive direct bullish support.
From the perspective of upstream raw materials, propylene is the core raw material to acrylonitrile production. The immediate shutdown of the unit will immediately minimize the company's propylene procurement consumption, leading to a phased weakening of regional propylene demand, which will form a slight bearish suppression on propylene spot and paper markets.
sector analysis indicates that this maintenance cycle is relatively short, only 5 days, and the impact on the market is primarily a immediate pulse. Once the unit resumes production, the supply gap will be rapidly repaired. In the medium and long term, the acrylonitrile market direction will still follow the terminal demand of downstream ABS, acrylic fiber, and nitrile rubber, as well as the overall maintenance rhythm of units nationwide.
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