ACN market continues to move up after the holiday

To put it simply, ACN market continues to move up after the holiday as Tianchen Qixiang and Liaoning Bora’s units failed to restart and the demand from acrylic fiber plants increased. However, after 7 days of inventory accumulation during the holiday, the actual price rise may gradually narrow down, and the stimulus is partially offered by traders. In addition, since the oversupply of ACN on the market remains unchanged, the later market is unlikely to see a sharp turn. The market will shift from a sharp rise and fall to a fine adjustment within small ranges amid the frequent production cut.