According to the data monitoring of business agency, the acrylonitrile market fluctuated and consolidated this week (August 19-august 26). As of August 26, the domestic acrylonitrile spot market price was 8970 yuan / ton, a slight increase of 0.22% compared with 8950 yuan / ton last Friday. The supply side operation rate of the domestic acrylonitrile industry decreased slightly compared with the previous period, and the overall operation rate was around 60%. However, the pressure on the market supply side was still high, the downstream was mainly based on small orders of purchase according to demand, and the offers of merchants were slightly adjusted. As of August 26, the mainstream offer of acrylonitrile bulk water market in East China was between 8400 and 9200 yuan / ton.
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This week (August 19-august 26), the price of raw material propylene fluctuated and fell slightly, with little change in cost. According to the monitoring of business agency, as of August 26, the domestic propylene price was 6920 yuan / ton, a slight decrease of 1.56% compared with 7030 yuan / ton last Friday.
The operating rate of ABS in the downstream increased slightly by about 80%, the low operating level of acrylic fiber and acrylamide industries was stable, and the demand for acrylonitrile was slightly improved, but the supply side of acrylonitrile continued to be loose.
Future forecast: the acrylonitrile analysts of business club believe that the current pressure on supply and cost restricts the action of acrylonitrile. However, the price of acrylonitrile has dropped to a stage low and the demand side has slightly improved. It is expected that acrylonitrile will be sold in the future
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