According to the data monitoring of the business community, the acrylonitrile market rose and fell in November. As of November 28, the bulk water price in the acrylonitrile market was 10760 yuan/ton, 1.91% lower than 10970 yuan/ton at the beginning of the month; The monthly peak is 11590 yuan/ton, with a monthly amplitude of 7.71%. In November, the listing price of acrylonitrile enterprises rose sharply in the early stage, and fell back in the late stage as the downstream construction started and the acrylonitrile enterprises resisted the high price of acrylonitrile; The market offer follows the trend of the market. As of November 28, the mainstream offer of acrylonitrile market in East China was 10200~11000 yuan/ton.
Although the Kruer acrylonitrile unit stopped for a short time in this month, the acrylonitrile industry has both new units put into production and multiple plants increased their load. In November, the supply of acrylonitrile continued to be loose.
In November, the raw propylene market rose significantly, and the cost of acrylonitrile rose. According to the monitoring of the business community, as of November 28, the domestic propylene price was 7436 yuan/ton, up 5.68% from 7036 yuan/ton at the beginning of the month. At the beginning of November, Shandong market was affected by domestic public health events, which led to blocked enterprise shipments, poor on-site transportation, and low end prices falling below 7000 yuan/ton. In the second week of November, the market hit the bottom and rebounded. On the one hand, logistics recovered gradually, and propylene enterprises moved smoothly. On the other hand, low prices stimulated the enthusiasm of downstream procurement to improve. Proper replenishment and restart of downstream devices led to a rapid rise in the price of propylene in Shandong to 7300 yuan/ton. From the middle of the month to the end of the month, due to the price rise and the lack of downstream purchasing stamina, the propylene market began to fluctuate and stabilize, and the market supply and demand did not change much. As of November 25, the mainstream price of propylene in Shandong was 7300 yuan/up and down.
The golden nine and silver ten peak seasons have passed, and COVID-19 has distributed in many places. In November, the downstream ABS, acrylamide/polyacrylamide and other industries of acrylonitrile started to decline; Acrylic fiber and nitrile rubber industry started to maintain stability, and the demand for acrylonitrile was weaker than in the early stage.
Future forecast: Acrylonitrile analysts from the business community believe that, on the one hand, there is still pressure for new production of acrylonitrile in the later stage, and on the other hand, the current demand is weak; It is expected that the acrylonitrile market will continue to fall in the later period.