China ACN imports to decrease on rising domestic supply

18 July 2014 06:49 Source:ICIS News

SINGAPORE (ICIS)--China’s acrylonitrile (ACN) imports are expected to be reduced in the future because of the rising domestic supply, an industry official said on Friday.

“China’s ACN imports will likely decrease to 300,000-400,000 tonnes on a yearly basis in the coming years if domestic new plants are started up on schedule,”  Zhao Zhong, acrylic fibre department manager said at the 11th ACN and Downstream Derivatives Summit Forum.

The 130,000 tonne/year joint venture plant between Sinopec Qilu Petrochemical and Wanda Group is expected to start up in the fourth quarter, Zhao said.

Meanwhile, Shanghai Secco Petrochemical in the construction of its 260,000 tonne/year acrylonitrile ACN plant, is expected to start up in 2015, according to the official.

China imported around 548,000 tonnes of ACN in 2013, according to China Customs.

The 11th ACN and Downstream Derivatives Summit Forum is being held in Tianjin from 17-18 July.

By Judith Wang