2. The RMB generally strengthens
It can be seen that the appreciation of the renminbi this year is positively correlated with exports in most months. On the one hand, it is related to the stimulus of rigid demand by the preferential promotion of foreign countries, and on the other hand, it is related to the guaranteed supply of resumption after the domestic pandemic is under control.
II. Acrylonitrile
Capacity: 1. In early 2020, INEOS closed its Seal Sands, UK, acrylonitrile plant with a capacity of 280kta. 2. On June 23, Zhejiang Petrochemical started up its new acrylonitrile plant with a capacity of 260kta.
1. Logistics stagnated due to the outbreak of pandemic in early 2020. Inventory increased and producers cut prices to sell.