According to the Commodity Market Analysis System of Business Society, the acrylonitrile market fell weakly in June. As of June 26th, the bulk water price in the acrylonitrile market was 7850 yuan/ton, a decrease of 8.99% from 8625 yuan/ton at the beginning of the month. The price of raw material propylene first fell and then rose, with overall weak consolidation and fluctuations in the cost range of acrylonitrile; The downstream ABS market has slightly increased, but the start of construction has gradually decreased, and demand is relatively low due to the impact of acrylonitrile; Although acrylonitrile production started slightly lower in June, downstream demand was weak and transaction volume decreased, resulting in a slight decrease in acrylonitrile prices.

Due to the negative impact of a small number of enterprise installations, the domestic production of acrylonitrile in June slightly increased compared to the previous period, and the supply of acrylonitrile continued to be loose.

In June, the price of raw material propylene first fell and then rose, and the cost range of acrylonitrile fluctuated. According to the Commodity Market Analysis System of Business Society, as of June 26th, the domestic propylene price was 6425 yuan/ton, a decrease of 0.54% from the 6460 yuan/ton at the beginning of the month, and the low point during the cycle was 6155 yuan/ton.

Downstream support for acrylonitrile weakened in June. Although the downstream ABS prices have increased, the industry’s equipment operation has gradually decreased from around 8.4% load to below 80% load, resulting in a significant weakening of demand for acrylonitrile; The shutdown and maintenance of the domestic Lanhua nitrile device, the start of the Nitrile rubber industry declined slightly, and the demand for acrylonitrile decreased slightly. The price of polyacrylamide has temporarily stabilized at a low starting point, providing weak support for acrylonitrile.

Future forecast: Acrylonitrile analysts from Business Society believe that on the one hand, the supply of acrylonitrile is loose, and on the other hand, the current demand for acrylonitrile is weak; It is expected that the acrylonitrile market will be weak in the short term.