Recently (12.29-1.5), the acrylonitrile market has been weak with a slight decline. According to the Commodity Market Analysis System of Shengyishe, as of January 5th, the bulk price of acrylonitrile in the market was 9762 yuan/ton, a decrease of 0.51% from last Friday’s 9812 yuan/ton. At present, the mainstream price for self extraction of acrylonitrile from tanks in the market is between 9600 to 9900 yuan/ton. The price of raw materials has slightly declined, and the cost support for acrylonitrile has weakened; The overall low level stability of the main downstream ABS production; The supply of acrylonitrile units is loose, and the impact of supply and demand is bearish, resulting in a weak market consolidation.
Recently (12.29-1.5), there has been a slight increase in the construction of domestic acrylonitrile units, and the supply side is relatively loose.
Recently (12.29-1.5), the raw material propylene market has been weak and has fallen, with a bearish impact on the cost of acrylonitrile. According to the Commodity Market Analysis System of Shengyishe, as of January 5th, the domestic propylene price was 6638 yuan/ton, a decrease of 3.35% from last Friday’s 6868 yuan/ton.
It is understood that since late December, downstream ABS production has remained fluctuating around 7.3%, with only essential support for acrylonitrile; As of early January, the domestic acrylic fiber plant has started operating at a low level, with weak demand for acrylonitrile; The nitrile rubber plant is operating normally, with slight support for the demand for acrylonitrile; The downstream inquiry and procurement enthusiasm in the polyacrylamide market is not good, and some orders are restricted in export. The low and stable start of production has weak support for the rigid demand for acrylonitrile. Overall, the current demand for acrylonitrile is weak, and the supply of acrylonitrile is loose, resulting in a weak and stable market trend.
Market forecast: Acrylonitrile analysts from Business Society believe that the current supply of acrylonitrile is still mainly loose; The demand side support is weak, and the price of raw material propylene has slightly decreased. Overall, it is expected that the acrylonitrile market will continue to maintain a weak consolidation trend in the short term.
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