According to the data monitoring of the business community, the acrylonitrile market in December fell sharply. As of December 26, the bulk water price in the acrylonitrile market was 9620 yuan/ton, down 8.38% from 10500 yuan/ton at the beginning of the month. On the one hand, the start of the acrylonitrile industry declined slightly, but the inventory pressure was still large. In December, the listing price of acrylonitrile enterprises decreased significantly in the early stage and remained stable in the late stage. On the other hand, downstream demand was impacted in the month, and the offer of merchants went down all the way. As of December 26, the mainstream offer of acrylonitrile market in East China was 9400~10200 yuan/ton.
| POLYVINYL ALCOHOL |
According to the business community, in December, some enterprises such as Jilin Petrochemical and Secco reduced the load of acrylonitrile units. In December, the start of acrylonitrile industry declined slightly, but the manufacturer’s inventory pressure was still high.
In December, the price of raw propylene fell, while the cost of acrylonitrile fell. According to the monitoring of the business community, as of December 26, the domestic propylene price was 7378 yuan/ton, down 4.06% from 7690 yuan/ton at the beginning of the month.
Near the end of the year, COVID-19 was distributed in many places, and production, logistics and transportation were impacted in the short term. In December, ABS, acrylamide/polyacrylamide and other industries downstream of acrylonitrile started to decline; Acrylic fiber and nitrile rubber industry started to maintain stability, and the demand for acrylonitrile was weaker than in the early stage.
Future forecast: Acrylonitrile analysts from the business community believe that, on the one hand, the inventory pressure of acrylonitrile is still in the short term, on the other hand, the current demand is weak; It is expected that the acrylonitrile market will be weak and consolidated in the later period.
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