Recently (1.26-1.31), the acrylonitrile market has been mainly deadlocked. According to the commodity market analysis system of Shengyishe, as of January 31st, the price of acrylonitrile in the loose water market was 9287 yuan/ton. At present, the mainstream price for self extraction of acrylonitrile from tanks in the market is between 9200 to 9500 yuan/ton. The price of raw material propylene has slightly decreased, and the cost support for acrylonitrile has weakened; Near the end of the lunar year, the main downstream ABS production has dropped to around 65%, with a small amount of inquiries about acrylonitrile; The overall supply of acrylonitrile units is loose, and the acrylonitrile market is slightly stagnant before the holiday.
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Recently (1.26-1.31), domestic acrylonitrile units have been operating steadily with sufficient supply.
Recently (1.26-1.31), the raw material propylene market has slightly declined, and the cost support for acrylonitrile has weakened. As it rose to a high level within the month, the price difference with downstream polypropylene narrowed, suppressing downstream demand and leading to a slight pullback at the end of the month. According to the Commodity Market Analysis System of Shengyishe, as of January 31st, the domestic propylene price was 6880 yuan/ton, a decrease of 1.43% from 6980 yuan/ton on the 26th.
It is understood that since mid to late January, downstream ABS prices have risen but production has gradually decreased to a low level of around 6.5%, resulting in a significant weakening of demand for acrylonitrile; At present, acrylic fiber factories are frequently receiving purchase orders from yarn factories at the beginning of the month, with overall low production and weak demand for acrylonitrile; The nitrile rubber plant is operating normally, with slight support for the demand for acrylonitrile; The acrylamide industry is operating at a low rate of 40-50%, and the demand for acrylonitrile is weakening. Overall, the demand for acrylonitrile before the holiday was weak, and the supply of acrylonitrile was loose, resulting in a weak market consolidation.
Market forecast: Business Society acrylonitrile analysts believe that the current supply of acrylonitrile is still sufficient; The demand side support is weak, and the price of raw material propylene has fallen from a high level. Overall, it is expected that the acrylonitrile market will continue to maintain a narrow consolidation trend before the holiday.
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