Last week (6.12-6.19), the acrylonitrile market slightly declined. According to the Commodity Market Analysis System of Business Society, as of June 19th, the bulk water price in the acrylonitrile market was 7850 yuan/ton, a decrease of 3.53% from last Monday's 8137 yuan/ton. At present, the self pickup price of acrylonitrile in the market is between 7700 to 8000 yuan/ton. Low consolidation of raw material prices, weak support for acrylonitrile; The downstream atmosphere is weak, and prices have decreased slightly, while the demand for acrylonitrile continues to be weak; In addition, the supply side is still relatively loose, and the acrylonitrile market has slightly declined.

Last week (6.12-6.19), there was a slight change in the domestic acrylonitrile operating rate, and the overall supply side remained loose. Anqing Petrochemical's 210000 tons/year acrylonitrile unit was restarted last week and operated at full capacity; The 452000 ton/year unit of Jilin Petrochemical was reduced to 50% load operation last week.

Recently (6.12-6.19), the raw material propylene market has stabilized at a low level, and the cost support for acrylonitrile continues to be weak. According to the Commodity Market Analysis System of Business Society, as of June 19th, the domestic propylene price was 6230 yuan/ton, an increase of 0.81% from last Monday's 6180 yuan/ton, and the low point during the cycle was 6155 yuan/ton.

It is understood that the downstream ABS construction started last week, which decreased to below 80% compared to the previous period; The overall start-up of equipment maintenance in a Nitrile rubber plant declined, and the start-up of acrylic fiber remained at a low level of 50%. Overall, the price consolidation devices in multiple downstream industries of acrylonitrile have started to decline, and demand continues to weaken in the face of acrylonitrile support.

Future Market Forecast: Business Society Acrylonitrile Analysts believe that in the future, the supply and demand side is currently weak, and the cost side is still low. It is expected that the acrylonitrile market will be weak and consolidate in the short term.