According to data monitoring from Business Society, the acrylonitrile market slightly declined in April. As of April 26th, the bulk water price in the acrylonitrile market was 9650 yuan/ton, a decrease of 3.98% from the 10050 yuan/ton at the beginning of the month. The price of raw material propylene fluctuates narrowly, and the cost of acrylonitrile is relatively weak; Downstream ABS and polyacrylamide markets, with ABS operating slightly lower and slightly weaker support for acrylonitrile compared to the previous period; The fundamentals are not significantly positive, while the price of acrylonitrile is weak and slightly lower.

As of late April, the domestic operating rate of acrylonitrile remained around 7.7%, and the pressure on the supply side of acrylonitrile remained high. Starting from the beginning of this month, the acrylonitrile unit of Zhejiang Petrochemical has been upgraded to full load operation, and the Koluer acrylonitrile unit has been restarted and started operation, gradually reaching 50% load operation

In April, the price of raw material propylene fluctuated narrowly, and the cost of acrylonitrile was relatively weak. According to the monitoring of Business Society, as of April 26th, the domestic propylene price was at 7130 yuan/ton, a decrease of 0.11% from 7138 yuan/ton at the beginning of the month, with a low point of 6986 yuan/ton and a high point of 7400 yuan/ton during the cycle.

In April, the downstream market price declined slightly, and the support for acrylonitrile was weak. Downstream ABS prices have fallen, with industry device starts slightly dropping to around 8.8%, slightly weakening support for acrylonitrile; The domestic production of nitrile rubber is temporarily stable, but the support for acrylonitrile is relatively weak. The price of polyacrylamide continues to decline, providing weak support for acrylonitrile.

Future forecast: Acrylonitrile analysts from Business Society believe that on the one hand, the cost of acrylonitrile fluctuates slightly at a low level, and on the other hand, the supply and demand of acrylonitrile are currently deadlocked; It is expected that the acrylonitrile market will weaken and consolidate in the later stage.