According to the monitoring data of business agency, as of July 21, the market price of acrylonitrile bulk water was 9900 yuan / ton, falling below the 10000 yuan mark, down 8.84% from 10860 yuan / ton at the beginning of the month. On the one hand, the supply side of the domestic acrylonitrile industry is still loose. On the other hand, downstream construction continues to decline, market transactions are deadlocked, and traders sell inventory at low prices. As of July 21, the acrylonitrile market offer in East China was between 9300 and 10500 yuan / ton.

Although the price of raw propylene fell slightly, the cost support is still weak. According to the monitoring of business agency, as of July 21, the domestic propylene price was 7414 yuan / ton, down 3.46% from 7680 yuan / ton at the beginning of the month.

At present, the downstream ABS operation continues to decline to less than 80%, and the acrylic fiber operation drops to about 70%. The weak demand side has no support for acrylonitrile. The acrylonitrile production capacity has reached 1.04 million tons since August 2021, and the supply side has remained loose.

Aftermarket forecast: acrylonitrile analysts at business club believe that the current oversupply fundamentals drag down the acrylonitrile market, which is difficult to change in the short term. It is expected that the acrylonitrile market will continue to fluctuate and decline in the later period.