The price of acrylonitrile rose sharply this week (10.17-10.24). As of October 24, the price of bulk water in the acrylonitrile market was 10820 yuan/ton, up 5.56% from 10250 yuan/ton last Monday. At present, the price of acrylonitrile apron in China is between 10700 and 11200 yuan/ton. It is difficult to find low price goods in the market, and traders are reluctant to sell.
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Acrylonitrile is currently at a low level of construction, and some enterprises plan to stop for maintenance in the near future, so the supply side is expected to be tight in the later period. According to the business community, the operating rate of acrylonitrile in China is around 70%. The 210000 t/a acrylonitrile unit of Anqing Petrochemical is planned to be shut down for maintenance for 60 days at the end of October; The 260000 t/a acrylonitrile unit in Kruer is planned to be shut down for maintenance in the first ten days of November.
This week (10.17-10.24), the raw propylene market declined slightly, and the cost support weakened. According to the monitoring of the business community, as of October 23, the domestic propylene price was 7426 yuan/ton, down 0.13% from 7436 yuan/ton on October 17. As of the 23rd, the mainstream quotation of domestic propylene (Shandong) market was 7400-7450 yuan/ton, and the enthusiasm for propylene demand declined. The factory sold at a discount.
In October, ABS at the downstream of acrylonitrile continued to operate at a high level of 8% to 9%; Acrylic fiber, polyacrylamide and nitrile rubber industries started to maintain stability, and downstream demand has a strong need to support acrylonitrile.
Future forecast: Acrylonitrile analysts from the business community believe that although the cost of acrylonitrile has decreased slightly, the supply of acrylonitrile will be tight in the short term, and the downstream will continue to need support. It is expected that the acrylonitrile market will remain high in the future.
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