Acrylonitrile market slightly declined

Recently (7.15-7.25), the acrylonitrile market has slightly declined. According to the Commodity Market Analysis System of Business Society, as of July 25th, the bulk water price in the acrylonitrile market was 8025 yuan/ton, a decrease of 1.38% from 8137 yuan/ton in the middle of the month. At present, the self pickup price of acrylonitrile in the market is between 7900 to 8100 yuan/ton. The fluctuation in raw material prices has slightly increased, with limited support for acrylonitrile; The low starting point of downstream construction fluctuates slightly, resulting in limited demand for acrylonitrile; The supply side slightly declined, providing weak support for the acrylonitrile market. After rising in the first half of the month, the price of acrylonitrile has been sluggish and has slightly declined recently.

Recently (7.15-7.25), the operating rate of domestic acrylonitrile has slightly decreased to below 60%.

Recently (7.15-7.25), the raw material propylene market has experienced slight fluctuations and has risen, with weak cost support for acrylonitrile. According to the Commodity Market Analysis System of Business Society, as of July 25th, the domestic propylene price was at 6595 yuan/ton, an increase of 1.15% from the mid-month price of 6520 yuan/ton. The low point during the cycle was 6458 yuan/ton, and the high point was 6595 yuan/ton.

It is understood that downstream ABS prices have risen this week, and the start of construction is around 8.2%; Part of the Nitrile rubber orchidization plant was restarted, and the industry started to increase slightly recently, while the acrylic fiber started to maintain a low level. Overall, the construction of downstream units in multiple industries of acrylonitrile is in a low and slightly fluctuating state, with demand supporting acrylonitrile but still weak in the short term.

Future Forecast: Business Society Acrylonitrile Analysts believe that in the future, there will be slight relief in supply pressure, support in demand, but it is difficult to significantly strengthen, and limited cost support. It is expected that the acrylonitrile market will fluctuate slightly in the short term.