Recently (11.13-11.22), the acrylonitrile market continued to rise slightly. According to the Commodity Market Analysis System of Business Society, as of November 22, the bulk water price in the acrylonitrile market was 10162 yuan/ton, an increase of 2.26% from 9937 yuan/ton on November 13. At present, the mainstream price for self extraction of acrylonitrile in the market is between 10000 to 10300 yuan/ton. The price of raw materials fluctuated slightly and the cost support for acrylonitrile weakened slightly; The main downstream ABS is operating steadily; The construction of acrylonitrile units has slightly decreased, and there is basically no pressure on the supply and demand side. The acrylonitrile market just needs inquiry support, and prices have risen.
Recently (11.13-11.22), the overall construction of domestic acrylonitrile units has slightly declined.
Recently (11.13-11.22), the raw material propylene market has experienced a slight decline due to fluctuations, and the cost support for acrylonitrile has weakened. According to the Commodity Market Analysis System of Business Society, as of November 22, the domestic propylene price was 7058 yuan/ton, a decrease of 2.01% from 7203 yuan/ton on November 13.
It is understood that as of early November, the downstream ABS construction has remained around 80%, which requires support for acrylonitrile; Recently, the domestic and foreign trade orders for acrylic yarn have been lackluster, and market trading has continued to be sluggish. There has been a varying degree of increase in inventory in acrylic factories, which only requires support for acrylic; The restart of the nitrile rubber Nandi plant and the temporary shutdown of the Ningbo Shunze nitrile plant have resulted in a slight decrease in demand for acrylonitrile; The construction of polyacrylamide and other materials has been basically stable. Overall, there is still support for the demand for acrylonitrile, but as the price of acrylonitrile further increases, downstream inquiries are gradually on the sidelines.
Future Market Forecast: Acrylonitrile analysts from Business Society believe that the current supply of acrylonitrile is stable and slightly declining; The demand side is mainly in need of support. Recently, the international crude oil price has fluctuated at a low level, and the price of raw material propylene has fluctuated and decreased. Overall, it is expected that the acrylonitrile market will consolidate at a high level in the short term.
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