This week (11.11-11.18), the acrylonitrile market rose and fell. According to the data monitoring of the business community, as of November 18, the price of bulk water in the acrylonitrile market was 11340 yuan/ton, down 0.44% from 11390 yuan/ton last Friday; 2.16% lower than the weekly high of 11590 yuan/ton. At the beginning of the month, the manufacturer’s listing price was raised, and the merchant’s offer rose. In the middle of the month, some manufacturers’ listing prices were lowered, and the market’s offer fell slightly. At present, the self lifting price of acrylonitrile is 10900~11600 yuan/ton.

This week (11.11-11.18), the pressure on the domestic acrylonitrile supply side was still high. Although the 260000 t/a Kolur equipment will be stopped for maintenance since the 10th of this month; However, the 450000 t/a unit of Jilin Petrochemical was upgraded to 70% load operation; The load of 780000 t/a acrylonitrile unit in Sierbang was increased to more than 80%; In addition, recent production of acrylonitrile devices such as Tianchen Qixiang and Liaoning Jinfa has increased the overall supply of acrylonitrile industry.

This week (11.11-11.18), the raw propylene market declined slightly, and the cost of acrylonitrile declined. According to the monitoring of the business community, as of November 18, the domestic propylene price was 7230 yuan/ton, down 1.36% from 7330 yuan/ton last Friday. Due to the large increase last week, the downstream appeared to wait and see, and the demand was restrained. In order to stabilize the flow of goods, the refinery lowered the price and gave back the increase. The overall supply and demand of propylene market is stable, with downstream demand as the main demand. However, this year, there are many new capacity, relatively loose supply, and great resistance to price rise. Affected by the sharp drop of crude oil on Friday, the market mentality was depressed, and the downstream receiving was slightly cautious.

Recently, the inventory of ABS petrochemical manufacturers downstream of acrylonitrile has accumulated slightly, the high level of industry commencement has declined slightly, and the support for acrylonitrile has weakened slightly; The inventory of the textile industry has accumulated, the demand for acrylic fiber has weakened, some manufacturers’ acrylic fiber devices have been running at a lower load, and their support for acrylonitrile has weakened.

Future forecast: acrylonitrile analysts from the business community believe that the cost of acrylonitrile has dropped slightly at present, the commencement of downstream ABS and acrylic fiber industries has declined slightly, and the supply side pressure has rebounded. It is expected that the acrylonitrile market will continue to fall slightly in the future.