In this cycle {5.8-5.15}, the market price of acetonitrile began to decline. As of May 14th, the benchmark price of acetonitrile for Shengyishe was 10060.00 yuan/ton, a decrease of -0.20% compared to the beginning of this month (10080.00 yuan/ton). Last week, the price increase of acetonitrile was mainly driven by the increase in suppliers. Later, the operating rate of by-product method enterprises decreased, leading to a tight supply in the local area of East China, providing opportunities for market growth.

Supply side:

Recently, the spot market price of acrylonitrile has experienced a narrow decline. As of May 15th, the benchmark price of acrylonitrile for Shengyishe was 10600.00 yuan/ton, a decrease of -1.85% compared to the beginning of this month (10800.00 yuan/ton). The news is currently unclear, and there is still uncertainty in supply changes. In the short term, manufacturer inventories are not high, and there is still an intention to raise prices. Considering that the settlement expectation for this month is still high, the spot market is also cautious and stable in operation. There are plans to restart or increase losses in both the north and south, and the overall news is bearish. It is expected that the acrylonitrile market will remain weak and volatile.

On the demand side:

As downstream demand gradually begins to recover, although there is a demand for restocking after the holiday, the overall performance is still slow. Moreover, the increase in downstream pesticide production after the two sessions is not significant, and some factories still mainly digest early inventory. Although the overall performance is still weak, there are currently no obvious signs of improvement. After a long period of low production and inventory digestion, factories in the pesticide and other fields have limited available sources of goods, and there are expectations of resuming work and increasing demand. Therefore, downstream factories have seen an increase in demand for replenishment since May.

Overall:

Previously, suppliers raised their prices, but due to lack of confidence, some intermediaries took profits during this period. After a brief consolidation, due to a lack of further positive news, the market began to decline. Business Society analysts predict that whether the price of acetonitrile can continue to rise depends on the demand side situation. The supply of acetonitrile will remain saturated for a long time, so the market’s upward space is still limited.