According to data monitoring by the Business News Agency, the acrylonitrile market declined slightly in March. As of March 29, the bulk water price in the acrylonitrile market was 10225 yuan/ton, down 2.62% from 10500 yuan/ton at the beginning of the month. The price of raw material propylene fell, while the cost of acrylonitrile declined; Downstream ABS and polyacrylamide markets are weak, but on-demand procurement still has some rigid support for acrylonitrile; The fundamentals were not significantly positive, while the price of acrylonitrile was weak and slightly lower.

The operating rate of acrylonitrile in China is between 60% and 70%.

In March, the price of raw material propylene fell sharply, while the cost of acrylonitrile declined. According to the monitoring of Business News Agency, as of March 29, the domestic propylene price was 7096 yuan/ton, down 5.66% from 7522 yuan/ton at the beginning of the month.

In March, downstream market prices fell and the market was weak, with weak support for acrylonitrile. Downstream ABS prices have fallen, with industrial unit starts around 80% to 90%, and demand based procurement support for acrylonitrile is generally moderate; Domestic nitrile rubber starts to fluctuate slightly, and its support for acrylonitrile is stable and weak. The price of polyacrylamide continues to decline, providing weak support for acrylonitrile.

Future Market Forecast: Acrylonitrile analysts from the Business Agency believe that on the one hand, the cost of acrylonitrile is declining, and on the other hand, the supply and demand of acrylonitrile are currently deadlocked; It is expected that the acrylonitrile market will weaken and consolidate in the later stage.