Recently (1.5-1.26), the acrylonitrile market has been weak and declining. According to the Commodity Market Analysis System of Shengyishe, as of January 26th, the bulk water price of acrylonitrile in the market was 9287 yuan/ton, a decrease of 4.87% from 9762 yuan/ton on the 5th. At present, the mainstream price for self extraction of acrylonitrile from tanks in the market is between 9200 to 9500 yuan/ton. The price of raw material propylene has increased, and the cost has strengthened the support for acrylonitrile; As the end of the lunar calendar approaches, the main downstream ABS production has dropped to around 65%, leading to a decrease in purchases of acrylonitrile; The overall supply of acrylonitrile units is loose, and the impact of supply and demand is bearish, resulting in a weak market consolidation.
Recently (1.5-1.26), the production of domestic acrylonitrile units has slightly decreased, and the supply is still sufficient.
Recently (1.5-1.26), the raw material propylene market has risen, and the cost support for acrylonitrile has strengthened. Due to the shutdown of some propylene units in Shandong region, the market atmosphere has improved, and downstream enterprises have actively entered the market. On site inventory has decreased to a low level, and enterprises are actively pushing for an increase. According to the Commodity Market Analysis System of Shengyishe, as of January 26th, the domestic propylene price was 6980 yuan/ton, an increase of 5.16% from 6638 yuan/ton on the 5th.
It is understood that since mid to late January, downstream ABS prices have risen but production has gradually decreased to a low level of around 6.5%, resulting in a significant weakening of demand for acrylonitrile; At present, acrylic fiber factories are frequently receiving purchase orders from yarn factories at the beginning of the month, with overall low production and weak demand for acrylonitrile; The nitrile rubber plant is operating normally, with slight support for the demand for acrylonitrile; The acrylamide industry is operating at a low rate of 40-50%, and the demand for acrylonitrile is weakening. Overall, the current demand for acrylonitrile is weak, and the supply of acrylonitrile is loose, resulting in a weak market consolidation.
Market forecast: Business Society acrylonitrile analysts believe that the current supply of acrylonitrile is still sufficient; The demand side support is weak, and the price of raw material propylene is supported by the increase in equipment maintenance prices, which will provide some support for acrylonitrile. Overall, it is expected that the acrylonitrile market will continue to maintain a narrow range of consolidation in the short term.
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