According to SunSirs data monitoring, the acrylonitrile market was weak and stable in May. As of May 31, the price of acrylonitrile was 11,460 yuan/ton, a slight decrease of 0.87% from the price at the beginning of the month. The supply side of the domestic acrylonitrile industry is still loose, and the market offer has been slightly adjusted. As of May 31, the acrylonitrile market quotation in East China was between 11,200 and 12,000 yuan/ton.
Since May, the price of raw material propylene first rose and then fell, and cost support has turned from strong to weak. According to SunSirs monitoring, as of May 31, the domestic propylene price was 8,070 yuan/ton, down 4.09% from 8,414 yuan/ton at the beginning of the month.
Since May, the downstream ABS industry has started operations at around 90%, the acrylic industry has started at around 70%, and the acrylamide industry has started at 60% to 70%. The demand for acrylonitrile has certain rigid support. The supply of acrylonitrile has continued to be under pressure since May.
Market outlook forecast: SunSirs acrylonitrile analysts believe that on the one hand, there is still pressure on the supply side and downstream demand is stable; on the other hand, costs have weakened slightly, and acrylonitrile prices are expected to be weak and fluctuate within a narrow range in the later period. </p
