According to the commodity market analysis system of Business Society, the acrylonitrile market rose and fell in November. As of November 30th, the price of loose water in the acrylonitrile market was 10100 yuan/ton, an increase of 5.62% from the 9562 yuan/ton at the beginning of the month. The price of raw material propylene fluctuates narrowly, and there is still support for the cost of acrylonitrile; One of the main downstream industries, ABS, has stable production and demand is supported by acrylonitrile; Acrylonitrile production slightly increased in November, but due to demand and cost support, the price of acrylonitrile remained strong in November.
The load of the acrylonitrile unit fluctuated slightly in November.
In November, the price of raw material propylene fluctuated and stabilized, while the cost of acrylonitrile continued to support. According to the Commodity Market Analysis System of Shengyishe, as of November 30th, the domestic propylene price was 7105 yuan/ton, an increase of 0.78% from 7050 yuan/ton at the beginning of the month.
There is a strong demand for downstream support for acrylonitrile in November. In November, the production of downstream ABS industry facilities remained around 80%, providing support for acrylonitrile; In November, the demand for acrylic fiber terminals continued to be sluggish, and the inventory pressure of finished products from acrylic yarn manufacturers increased. Some acrylic fiber factories underwent maintenance, and the overall operating rate of the acrylic fiber industry decreased, weakening the demand for acrylic fiber; The nitrile rubber Nandi and Ningbo Shunze nitrile units have successively shut down and started feeding, resulting in a slight fluctuation in demand for acrylonitrile in November; Low starting point of polyacrylamide and other materials; Overall, downstream demand for acrylonitrile in the 11th stage is well supported by immediate demand.
Market forecast: Acrylonitrile analysts from Business Society believe that the current supply of acrylonitrile is still relatively sufficient, but downstream procurement efforts have weakened at the end of the month. However, there is still support for high raw material prices to consolidate the cost of acrylonitrile. Overall, it is expected that the acrylonitrile market will experience a slight decline and narrow consolidation in the short term.
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