During the week, upstream propylene prices continued to rise, leading to an increase in the production cost of acrylonitrile. However, acrylonitrile prices remained low and volatile, resulting in a further intensification of production losses. According to statistics, as of January 15, the average production cost of acrylonitrile in China was 8,425 yuan/ton, up 2.32% month-on-month. During the same period, the average production profit of acrylonitrile was -1,175 yuan/ton, down 271 yuan/ton month-on-month.
PriceSeek Analysis
Propylene, Bull-Bear Score: 1
The article points out that upstream propylene prices continue to rise, indicating strong market demand or tight supply, which directly benefits spot prices of propylene. Rising costs may drive adjustments in downstream products, but the supply-demand dynamics of propylene itself support the upward trend in prices, making this a generally bullish factor.
Acrylonitrile, Bull-Bear Score: -1
Acrylonitrile prices remain low and volatile, while rising raw material propylene costs have led to increased production losses (profit at -1,175 yuan/ton, down 271 yuan/ton month-on-month). This reflects oversupply or weak demand, which is bearish for spot prices in the short term and may force producers to reduce output. However, the current loss situation dampens market confidence, making this a generally bearish factor.
Comments
0