This week (7.24-7.31), the acrylonitrile market slightly rose. According to the Commodity Market Analysis System of Business Society, as of July 31st, the bulk water price in the acrylonitrile market was 8125 yuan/ton, a decrease of 1.25% from last Monday’s 8025 yuan/ton. At present, the self pickup price of acrylonitrile in the market is between 7900 to 8250 yuan/ton. The slight increase in raw material prices provides cost support for acrylonitrile; The low starting point of downstream construction has slightly increased, and the demand for acrylonitrile has slightly increased compared to the previous period; The supply side is stable, with weak support for the acrylonitrile market. Acrylonitrile prices slightly increased at the end of the month.
This week (7.24-7.31), the domestic acrylonitrile operating rate was around 6.5%. Shanghai SECCO’s first line acrylonitrile plant restarted operation in late July; The 80000 ton acrylonitrile unit of Daqing Petrochemical restarted in late July.
This week (7.24-7.25), the raw material propylene market slightly rose, and the cost support for acrylonitrile strengthened. According to the Commodity Market Analysis System of Business Society, as of July 31st, the domestic propylene price was 6738 yuan/ton, an increase of 1.81% from last Monday’s 6618 yuan/ton.
It is understood that downstream ABS prices have risen this week, with the start of construction around 8.3%, a slight increase compared to the previous period; 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 downstream main industry of acrylonitrile has seen a slight increase in construction, while the demand for acrylonitrile support has slightly increased.
Future Market Forecast: Business Society Acrylonitrile Analysts believe that in the future, there will be a slight increase in supply pressure, some support in demand, and a rise in cost. It is expected that in the short term, the market price of acrylonitrile will remain strong, with moderate or slight increases.
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