The acrylonitrile market continued to decline this week (3.24~3.31). According to data monitoring from Business Society, as of March 31st, the bulk water price in the acrylonitrile market was 10050 yuan/ton, a decrease of 2.66% from last Friday’s 10325 yuan/ton. At present, the self pickup price of acrylonitrile in the market is between 9800 to 10100 yuan/ton. The price of raw materials rebounded slightly, and the cost of acrylonitrile faced support; Supply side pressure continues and demand side support weakens; Acrylonitrile market is slightly weak.
| PVA |
This week (3.24~3.31), the domestic acrylonitrile operating rate is around 70%, and supply pressure continues
This week (3.24~3.31), the raw material propylene market rebounded slightly, and the cost of acrylonitrile encountered support. According to the monitoring of Business Society, as of March 31, the domestic propylene price was 7138 yuan/ton, an increase of 2.38% from last Friday’s 6972 yuan/ton.
Downstream ABS prices have slightly decreased, with industry equipment still operating at around 8.6%, slightly higher than last week, and there is still a strong demand for support for acrylonitrile; This week, the domestic production of nitrile rubber has remained stable, with weak support for acrylonitrile. The polyacrylamide market continues to be low, with weak support for acrylonitrile.
Future Forecast: Business Society Acrylonitrile Analysts believe that the current supply pressure of acrylonitrile is high, and there is no room for improvement in the demand side in the short term. It is expected that the acrylonitrile market will continue to decline slightly in the future.
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