Last Week, The Price Of Acrylonitrile Fluctuated Downward And The Market Stabilized

As of June 28, 2021, the domestic reference price of acrylonitrile remained at 14790.00 yuan / ton, which was the same as that of the previous working day, decreased by 1.14% compared with last Monday, and increased by 3.43% compared with May 28

2、 Market analysis

Last week, the monitoring price of acrylonitrile business agency gradually declined, 1.14% lower than that on June 21, 14960.00 yuan / ton; Most of the intermediate traders' quotations remained stable, and some manufacturers raised their prices, with the price range of 14700-15000 yuan / ton. The market trading atmosphere is light, the cost support is general, the downstream demand performance is not strong, and the supply and demand situation is not affected by the device maintenance. The market experienced shock and decline and then stabilized temporarily.

upper reaches:

Shandong propylene market remained stable after a small rise this week. The market turnover rose to 7600-7900 yuan / ton, and the mainstream price was about 7900 yuan / ton. Mainstream manufacturers remain unchanged, low-end prices rise. The propylene market is expected to stabilize or rise in the near future.

Downstream:

Nitrile rubber as a whole first rose and then fell small wave dynamic trend, last week nitrile rubber market continued to stabilize,. Business agency analysts believe that the relative pressure on the supply side is not large, coupled with the early price has dropped significantly, it is expected that the nitrile rubber market will be stable in the later stage.

In the first ten days of June, the spot price of ABS was generally lowered. The trend of raw materials is not uniform, ABS cost side support is general. At present, it is the low season of ABS industry, the demand of end-users is shrinking, and the shipping resistance of enterprises and businesses is increasing. ABS analysts of business agency think that ABS spot market may continue to be empty in the near future.

3、 Future forecast

The acrylonitrile analysts of the business agency believe that: the current acrylonitrile market is stable after shock finishing, the upstream propylene market is stable after the upward trend, the downstream ABS market is weak, the nitrile rubber is mainly stable, and the polyacrylamide market is flat. It is expected that the acrylonitrile market in the later stage may be slightly shaken and the trend will be stable.