The continual decline of ACN imports is mainly attributed to the increasing capacity

The continual decline of ACN imports is mainly attributed to the increasing capacity. In the first quarter of 2021, there was no new capacity, while in the second half year, Zhejiang Petrochemical started up its 260kta ACN line in mid-Aug, KoRuhr started up its 130kta line in end Oct, and Lihuayi started up its 260kta line in Dec. Moreover, in the second quarter of 2022, Tianchen Qixiang’s 130kta line was put into operation around late Mar. Therefore, based on the obvious rise of new capacities since the second half year of 2021, Chinese ACN supply has risen apparently. Despite of turnaround plans of Shanghai Secco, Koruhr and Shandong Haili, the new capacities were obvious, and the influences of shutdowns weakened. And demand was hard to improve apparently. The imports declined continually