This week (3.20~3.27), the acrylonitrile market declined slightly due to weakness. According to data monitoring by Business News Agency, as of March 27, the bulk water price in the acrylonitrile market was 10275 yuan/ton, down 0.96% from 10375 yuan/ton last Monday. Currently, the market price of acrylonitrile is between 10200 and 10300 yuan/ton from the tank. The price of raw materials fell, and the cost of acrylonitrile continued to decline; The pressure on the supply side is still there, and the demand side has a rigid need for support; Acrylonitrile market slightly weak.

This week (3.20~3.27), the domestic acrylonitrile operating rate was between 60% and 70%.

This week (3.20~3.27), the raw material propylene market fell, and the cost of acrylonitrile fell sharply. According to the monitoring of Business News Agency, as of March 27, the domestic propylene price was 6948 yuan/ton, down 3.18% from 7176 yuan/ton last Monday.

Downstream ABS prices fluctuated slightly, and the commencement of industrial devices is still around 85%, slightly increasing compared to the previous period. There is still a strong need for support for acrylonitrile; This week, the domestic construction of nitrile rubber was basically stable, with weak support for acrylonitrile. The price of polyacrylamide continues to decline, providing weak support for acrylonitrile.

Future Forecast: An acrylonitrile analyst from the Business Agency believes that the current supply and demand of acrylonitrile is slightly deadlocked, while the price of raw materials is causing a decline in cost. It is expected that the acrylonitrile market may continue to decline slightly in the future.