According to the data monitoring of business agency, the acrylonitrile market fluctuated and consolidated this week (8.5-8.12).

As of August 12, the domestic acrylonitrile spot market price was 9100 yuan / ton, a slight increase of 0.44% over the 9060 yuan / ton last Friday, and the low point in the week was 8920 yuan / ton. The supply side of the domestic acrylonitrile industry continues to be loose, the downstream commencement continues to fall, and the market transaction is deadlocked. However, with the acrylonitrile price falling to the low level near 9000 yuan / ton, the downstream replenishment has increased, and the offers of merchants have been slightly adjusted. As of August 12, the mainstream offer of acrylonitrile bulk water market in East China was between 8300 and 9200 yuan / ton; Fushun Petrochemical acrylonitrile was listed at 9300 yuan / ton in August; The listed price of acrylonitrile of Jilin Petrochemical in August was 8800 yuan / ton; The spot price of Shandong keluer acrylonitrile in August was 8500 yuan / ton; Shandong Anqing Petrochemical’s acrylonitrile spot price in August was 8500 yuan / ton.

This week (8.5-8.12), the price of raw material propylene increased slightly, and the cost increased slightly. According to the monitoring of business agency, as of August 12, the domestic propylene price was 7270 yuan / ton, up 1.25% from 7180 yuan / ton last Friday.

The downstream ABS operating rate dropped to around 70%, the acrylic fiber industry operating at around 60%, the acrylamide industry operating at around 50%, and the three downstream industries of acrylonitrile operating at a low level. The overall weak demand side has insufficient support for acrylonitrile; From the perspective of acrylonitrile supply, the current load of the 780000 T / a acrylonitrile unit of Jiangsu Sibang Petrochemical is around 60-70%; The current load of the 452000 T / a acrylonitrile unit of Jilin Petrochemical Company is around 50%; The 260000 T / a acrylonitrile unit of Shandong keluer Chemical Co., Ltd. is currently in normal operation.

Future forecast: the acrylonitrile analysts of business club believe that the current pressure on supply and cost restricts the action of acrylonitrile. However, the acrylonitrile price has dropped to a stage low, and it is expected that the acrylonitrile market will fluctuate in a narrow range in the later period.