Recently (9.28-10.11), the acrylonitrile market has been operating at a high level. According to the Commodity Market Analysis System of the Business Society, as of October 11th, the bulk water price in the acrylonitrile market was 9825 yuan/ton, maintaining stable operation. At present, the mainstream price for self extraction of acrylonitrile in the market is between 9700 to 10000 yuan/ton. The high price of raw materials has slightly decreased, and the cost continues to support acrylonitrile; Small fluctuations in the high starting point of the main downstream ABS; The construction of acrylonitrile units has slightly decreased, with slight support from the supply and demand side, and the price of acrylonitrile has slightly increased.
Recently (9.28-10.11), the overall stability of domestic acrylonitrile production has been achieved.
In the recent period (9.28-10.11), the raw material propylene market has experienced a high and narrow decline, and the cost support for acrylonitrile has slightly weakened. According to the Commodity Market Analysis System of Business Society, as of October 11th, the domestic propylene price was 7200 yuan/ton, a decrease of 0.96% from the 7270 yuan/ton before the holiday.
It is understood that as of early October, downstream ABS construction remained at a high level of 90%, which still requires strong support for acrylonitrile; Stable operation of nitrile rubber, polyacrylamide, etc. Overall, acrylonitrile still needs strong support in the short term.
Future Market Forecast: Acrylonitrile analysts from Business Society believe that the current supply of acrylonitrile is loose, and some devices are expected to restart in the future; There is some support on the demand side, and raw material prices have slightly declined. Overall, it is expected that the acrylonitrile market will consolidate at a high level in the short term. In the future, with further improvement in the supply side and a slight weakness in the downstream market, the acrylonitrile market may weaken slightly.
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