In late August (8.21-8.30), the acrylonitrile market saw a significant increase. According to the Commodity Market Analysis System of Business Society, as of August 30th, the bulk water price in the acrylonitrile market was 8800 yuan/ton, an increase of 5.86% from 8321 yuan/ton on August 21st. At present, the self pickup price of acrylonitrile in the market is between 8700 to 8900 yuan/ton. The slight increase in raw material prices still provides cost support for acrylonitrile; Downstream construction has increased compared to the early stage, with a slight increase in demand for acrylonitrile; The operation of the acrylonitrile unit has been basically stable, and the price of acrylonitrile has increased.

Recently (8.21-8.30), the domestic production of acrylonitrile has remained stable, with a production rate of around 7.70%.

Recently (August 21- August 30), the raw material propylene market has slightly increased, and the cost of acrylonitrile continues to support. According to the Commodity Market Analysis System of Business Society, as of August 30th, the domestic propylene price was 6938 yuan/ton, an increase of 1.28% from 6850 yuan/ton on August 21st.

It is understood that as of the end of August, downstream ABS prices have risen and the start of construction has increased to around 90%, indicating an increase in demand for acrylonitrile compared to the previous period; Except for Jinpu Yingsa’s parking and maintenance, the overall industry’s production of nitrile rubber has remained stable, while the production of acrylic fiber has remained low. Overall, the downstream main industry of acrylonitrile has seen a slight increase in construction, with demand facing stronger support from acrylonitrile.

Future Market Forecast: Business Society Acrylonitrile Analysts believe that the current supply side is basically stable, the demand side has improved to some extent, and combined with high raw material prices, it is expected that the acrylonitrile market price will maintain a strong and exploratory upward trend in the short term.