According to the commodity market analysis system of Business Society, the acrylonitrile market saw a significant increase in April. As of April 29th, the self pickup price of acrylonitrile from the tank was 10850 yuan/ton, an increase of 8.91% from 9962 yuan/ton at the beginning of the month. Narrow consolidation of raw material propylene prices, slight decrease in liquid ammonia prices, and weak cost support for acrylonitrile; One of the main downstream industries, ABS, continues to experience a slight decline in production, with weak support from demand for acrylonitrile; Acrylonitrile production remains low, providing strong support for the market; As of the 29th, the self pickup price of acrylonitrile from the tank in East China was between 10800 and 11000 yuan/ton.
| PVA |
In April, the load of the acrylonitrile unit fluctuated slightly, and the operating rate remained around 6.2%.
In April, the price of raw material propylene narrowed and the price of liquid ammonia slightly decreased, resulting in weak support for the cost of acrylonitrile. According to the Commodity Market Analysis System of Shengyishe, as of April 29th, the domestic propylene price was 6794 yuan/ton, a decrease of 0.79% from 6848 yuan/ton at the beginning of the month; As of April 29th, the domestic liquid ammonia price was 2983 yuan/ton, a decrease of 2.93% from 3073 yuan/ton at the beginning of the month
Downstream demand for acrylonitrile is weakly supported. In April, the equipment load in the ABS industry continued to decline, with the start of production dropping from 6.2% at the beginning of the month to around 5.7% at the end of the month; The production of nitrile rubber units slightly decreased in April, and there are still maintenance plans for the units in May, which weakens the support for demand for acrylonitrile; 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 not much pressure on the supply side of acrylonitrile at present, but there may be equipment resumption in the later stage, which will increase the supply side; Weak fluctuations in raw material prices and weak cost support for acrylonitrile; The demand for acrylonitrile has slightly weakened again, and overall, it is expected that the acrylonitrile market will fall from a high level in May.
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