This week (4.7~4.14), the acrylonitrile market slightly declined. According to data monitoring by Business Society, as of April 14th, the bulk water price in the acrylonitrile market was 9600 yuan/ton, a decrease of 2.54% from last Friday’s 9850 yuan/ton. At present, the self pickup price of acrylonitrile in the market is between 9400 to 9700 yuan/ton. The raw material prices have rebounded slightly, and the demand side just needs support, but the supply side pressure is still significant, and the acrylonitrile market is weak and consolidating.

This week (4.7~4.14), the domestic operating rate of acrylonitrile remained around 7.7%, and the pressure on the supply side of acrylonitrile remained high.

This week (4.7~4.14), the raw material propylene market rebounded slightly, with slightly stronger cost support for acrylonitrile. According to monitoring by Business Society, as of April 14th, the domestic propylene price was 7286 yuan/ton, an increase of 2.33% from last Friday’s 7120 yuan/ton. Recently, the support for the Shandong propylene market has become stronger, and prices have continued to rise slightly. The mainstream quotation in the Shandong market is 7200-7300 yuan/ton. The supply and demand on the site remain stable, with little upstream inventory pressure and strong willingness to raise prices. Downstream demand is mainly in demand, and demand is stable. The current propylene market is in a stalemate, and with downstream procurement continuing to follow up, it is expected that the propylene market will have a strong trend in the near future.

Downstream ABS prices have declined, but the start of industry equipment construction remains at a high level of around 9.3%, which continues to provide strong support for acrylonitrile; The domestic nitrile rubber has rebounded slightly, while the price of polyacrylamide has slightly decreased, providing stable and weak support for acrylonitrile.

Future Forecast: Business Society Acrylonitrile Analysts believe that the current supply pressure of acrylonitrile is high, and there is still a strong demand for support. With the increase in cost, it is expected that the acrylonitrile market will stop falling and stabilize in the short term; Attention should be paid to the maintenance plan of acrylonitrile enterprises in the later stage.