This week (5.29-6.5), the acrylonitrile market saw a significant decline. According to the Commodity Market Analysis System of Business Society, as of June 5th, the bulk water price in the acrylonitrile market was 8287 yuan/ton, a decrease of 10.89% from last Monday’s 9300 yuan/ton. At present, the self pickup price of acrylonitrile in the market is between 7900 to 8300 yuan/ton. The prices of raw materials continue to decline, with 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 has slightly improved, and the acrylonitrile market has slightly declined.
| POLYVINYL ALCOHOL |
This week (5.29-6.5), the domestic acrylonitrile operating rate slightly increased.
Recently (5.29-6.5), the raw material propylene market continued to decline, and the cost support for acrylonitrile continued to be weak. According to the Commodity Market Analysis System of Business Society, as of June 5th, the domestic propylene price was 6270 yuan/ton, a decrease of 3.09% from last Monday’s 6470 yuan/ton.
Downstream ABS prices continue to decline, with industry device starts slightly dropping to around 8.4%, weakening support for acrylonitrile demand; The domestic nitrile rubber has slightly declined, and the price of polyacrylamide has temporarily stabilized at a low level, with weak support for acrylonitrile.
Future Forecast: Business Society Acrylonitrile Analysts believe that the current supply pressure of acrylonitrile has slightly increased, coupled with the weakening of demand and low consolidation of cost, it is expected that the acrylonitrile market will be weak and volatile in the short term.
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