This week (6.5-6.12), the acrylonitrile market slightly declined. According to the Commodity Market Analysis System of Business Society, as of June 12th, the bulk water price in the acrylonitrile market was 8137 yuan/ton, a decrease of 1.81% from last Monday’s 8287 yuan/ton. At present, the self pickup price of acrylonitrile in the market is between 7800 to 8200 yuan/ton. Low consolidation of raw material prices, weak support for acrylonitrile; The downstream atmosphere is weak, and prices have decreased slightly, while the demand for acrylonitrile continues to be weak; In addition, the supply side is still relatively loose, and the acrylonitrile market has slightly declined; But with the increase of parking companies, the downward trend of acrylonitrile has decreased.

This week (6.5-6.12), the domestic acrylonitrile operating rate slightly decreased, but the overall supply side remains loose. Anqing Petrochemical’s 210000 tons/year acrylonitrile unit will be shut down for defect elimination starting from June 5th.

Recently (6.5-6.12), the raw material propylene market has stabilized at a low level, and the cost support for acrylonitrile continues to be weak. According to the Commodity Market Analysis System of Business Society, as of June 12th, the domestic propylene price was 6255 yuan/ton, a decrease of 0.24% from last Monday’s 6270 yuan/ton, and the cycle high was 6325 yuan/ton.

Downstream ABS prices have stabilized at a low level, but industry device starts continue to decline slightly to around 8.1%, and support for acrylonitrile demand continues to weaken; Domestic Nitrile rubber declined slightly, the price of polyacrylamide was adjusted at a low level, and the support for acrylonitrile was weak.

Future Market Forecast: Business Society Acrylonitrile Analysts believe that the current supply of acrylonitrile is still loose, coupled with continued weak demand and low cost consolidation, and it is expected that the acrylonitrile market will be weak and volatile in the short term; If parking and maintenance devices continue to increase in the later stage, the price of acrylonitrile may be expected to stop falling and rebound.