According to the monitoring data of the business community, the acrylonitrile market continued to be weak this week (6.10-6.17). As of June 17, the acrylonitrile price was 11080 yuan / ton, down 1.42% from 11240 yuan / ton on June 10. The supply side of the domestic acrylonitrile industry is still in a loose state, the market transaction is deadlocked, and traders sell their stocks at low prices. As of June 17, the acrylonitrile market offer in East China was between 10700 and 11600 yuan / ton.

This week (6.10-6.17), the price of raw propylene fluctuated slightly, and the cost support was weak. According to the monitoring of business agency, as of June 17, the domestic propylene price was 7958 yuan / ton, up 0.35% from 7930 yuan / ton on June 10; The low point of this week is 7890 yuan / ton.

This week (6.10-6.17), the start-up of devices in the downstream ABS industry remained at a high level of 80-90%, stable compared with the previous period; The acrylic fiber industry is mainly stable, and the acrylamide industry starts in 60-70%. The demand for acrylonitrile is stable, while the supply of acrylonitrile continues to be under pressure.

Future forecast: the acrylonitrile analysts of business club believe that the current supply pressure restricts the action force of acrylonitrile, and it is difficult to change in the short term. It is expected that the acrylonitrile price will continue to fluctuate at a low level in the later period.