According to the commodity market analysis system of Business Society, the acrylonitrile market saw a slight increase in March. As of March 29th, the self pickup price of acrylonitrile in the market was 9937 yuan/ton, a slight increase of 4.47% from 9512 yuan/ton at the beginning of the month. The price of raw material propylene has slightly decreased, while the price of liquid ammonia has significantly increased, and the cost of acrylonitrile continues to support; One of the main downstream industries, ABS, saw a slight decline in production, with weak support from demand for acrylonitrile; Acrylonitrile production has steadily increased slightly, with a slight increase in the supply of acrylonitrile; The acrylonitrile market has slightly increased, with the self pickup price of acrylonitrile in East China ranging from 9600 to 10000 yuan/ton as of the 29th.

In March, the load of the acrylonitrile unit slightly increased, with the start of operation increasing from 6.2% at the beginning of the month to around 6.5%. The 452000 ton/year acrylonitrile unit of Jilin Petrochemical was reduced to 70% load operation by the end of February; Tianchen Qixiang’s 130000 tons/year acrylonitrile plant will restart at the end of February; Starting from the 18th, the 130000 tons/year acrylonitrile produced by Jihua (Jieyang) will be shut down for maintenance.

In March, the price of raw material propylene slightly decreased, while the price of liquid ammonia significantly increased, and the cost of acrylonitrile continued to support. According to the Commodity Market Analysis System of Shengyishe, as of March 29th, the domestic propylene price was 6790 yuan/ton, a slight decrease of 1.17% from 6870 yuan/ton at the beginning of the month; As of March 29th, the domestic liquid ammonia price was 3323 yuan/ton, an increase of 11.65% from 2976 yuan/ton at the beginning of the month

Downstream demand for acrylonitrile is weakly supported. In March, the equipment load in the ABS industry slightly decreased, with the start of production dropping from 6.8% at the beginning of the month to around 6.3% at the end of the month; The nitrile rubber plant started construction steadily in March, and there is a maintenance plan for the enterprise plant in the later stage. The overall demand for acrylonitrile in March is stable, and may slightly decrease in the later stage; The overall production of acrylamide in March remained at a low level of around 4.6%; Overall, downstream demand support for acrylonitrile has slightly weakened.

Market forecast: Acrylonitrile analysts from Business Society believe that there is still pressure on the supply side of acrylonitrile at present; The price of raw material propylene has slightly decreased, while the price of liquid ammonia has significantly increased, and the cost of acrylonitrile continues to support; In the face of weak demand support for acrylonitrile, it is expected that the acrylonitrile market will experience narrow fluctuations in April.