Supported by Acrylic Fiber Commission of China Chemical Fiber Association and China National Chemical Fiber Corp., organized by China Chemical & Fiber Economic Information Network (CCFEI) and PCI Acrylonitrile Ltd, the 9th China International Acrylonitrile & Acrylic Fiber Forum is held on 8 Mar, 2012, beginning at 9:00 in Minya Hotel, Shanghai, China.

The conference was attended by more than 160 participants, including producers, traders and consumers from home and abroad, gathering to share their ideas about market status quo and future. Experts and senior officials from leading players including Jilin Petrochemical, Jilin Chemical Fiber, Asahi Kasei, Thai Acrylic Fibre, PCI Acrylonitrile Ltd., Daqing Petrochemical, The Fiber Year LLC., Ningbo LG Yongxing, Beijing Hengju, State Information Center, Nanhua Futures, Energy Research Institute of NDRC, CCFA... etc., gave speeches on high-light industry focuses including China’s 12th Five-Year plan, acrylonitrile demand and supply and perspective in 2012, as well as influences from crude oil, polyacrylamide and ABS.

Participants came to the consensus that ACN supply will remain tight in a global scope. In China, with downstream capacities expanding, ACN demand will continue to grow, and domestic ACN capacity will exceed 1,800kt/yr by 2014. As for acrylic fiber, while new-type and modified fibers will continue to draw investments and efforts in R&D, it will hardly see increase in capacity, given volatile ACN prices and lack of new demand from downstream. Meanwhile, ACN will find more demand from other fields besides acrylic fiber, with ABS industry expected to take place of acrylic fiber, and becoming the largest ACN consumer by 2013.

Looking into 2012, it was agreed by most experts that with China economy expected to grow slower but smoothly amid prudent monetary policy, ACN will bottom out at first and then went range bound or inch down by Q3, when new capacities come on stream, and acrylic fiber producers will see good sales in Q1, though with inventory starting to rise and sales slowing down in Q2, in Q3 sentiment may soften. High-tech and high value-added products will continue draw most concern of the industry.

Conference Papers

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