This week (7.31-8.7), the acrylonitrile market continued to rise slightly. According to the Commodity Market Analysis System of Business Society, as of August 7th, the bulk water price in the acrylonitrile market was 8400 yuan/ton, an increase of 3.38% from last Monday’s 8125 yuan/ton. At present, the self pickup price of acrylonitrile in the market is between 8300 to 8550 yuan/ton. Narrow fluctuations in raw material prices still provide cost support for acrylonitrile; Downstream construction has slightly increased, with a slight increase in demand for acrylonitrile compared to the previous period; The increase in the operation of acrylonitrile units has somewhat suppressed the upward trend of acrylonitrile.
This week (7.31-8.7), the domestic acrylonitrile operating rate has increased compared to the previous period.
This week (7.31-8.7), the raw material propylene market fluctuated slightly and is still at a stage high, with the cost of acrylonitrile continuing to support. According to the Commodity Market Analysis System of the Business Society, as of July 31st, the domestic propylene price was 6733 yuan/ton, a slight decrease of 0.07% from last Monday’s 6738 yuan/ton.
It is understood that downstream ABS prices have risen this week, with the start of construction around 8.3%, a slight increase compared to the previous period; The nitrile rubber orchidization plant has partially restarted, and the industry has recently seen a slight increase in production, while acrylic fiber production has remained at a low level. Overall, the downstream main industry of acrylonitrile has seen a slight increase in construction, while the demand for acrylonitrile support has slightly increased.
Future Market Forecast: Business Society Acrylonitrile Analysts believe that in the future, the supply side pressure is increasing, and there is some support in the demand side. In addition to the high cost side, it is expected that the acrylonitrile market price will be strong in the short term, and downstream demand progress still needs to be paid attention to in the future.
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