Acrylonitrile market is high and firm

This week (11.4-11.11), the acrylonitrile market was at a high and firm level. According to the data monitoring of the business community, as of November 11, the price of bulk water in the acrylonitrile market was 11390 yuan/ton, up 2.15% from 11150 yuan/ton last Friday. At the beginning of the month, the manufacturer’s listing price was raised, and the merchant’s offer was rising. At present, the self lifting price of the acrylonitrile market is between 11000 yuan and 12000 yuan/ton, and the market performance is strong.

The domestic acrylonitrile unit started lower this week, and the supply is tighter than in the early stage. According to the business community, the 210000 t/a acrylonitrile unit of Anqing Petrochemical was shut down for maintenance at the end of October. This week, the 260000 t/a acrylonitrile unit of Kroor was shut down for maintenance. The acrylonitrile supply is expected to decline.

This week (11.4-11.11), the raw propylene market rose sharply and the cost rose. According to the monitoring of the business community, as of November 11, the domestic propylene price was 7330 yuan/ton, up 4.71% from 7000 yuan/ton last Friday. During the week, some units in Shandong stopped and the supply decreased, which was good for the rapid rise of the Shandong market. At the same time, downstream trading and investment were active. With the price rising many times, the atmosphere of downstream trading and investment began to weaken, and the market price stopped rising and stabilized on Friday.

Recently, the commencement of ABS downstream of acrylonitrile continues to maintain a high level, which just needs support for acrylonitrile; The downstream acrylamide is basically stable when starting, and just needs support for nitrile rubber; The downstream acrylic fiber starts to decline slightly, the downstream nitrile rubber declines slightly, and the support for acrylonitrile decreases slightly.

Future forecast: acrylonitrile analysts from the business community believe that the cost of acrylonitrile has risen slightly at present, the downstream ABS continues to need support, and the support of other products has weakened slightly. Some enterprises stop for maintenance. It is expected that the acrylonitrile market will continue to maintain a high level in the month.