On February 10, Jilin Petrochemical reduced its acrylonitrile listed price by 200 yuan/ton to 7,700 yuan/ton. The plant has an annual capacity of 712,000 tons and is currently operating normally. PriceSeek's analysis of acrylonitrile indicates a bearish score of -1. Jilin Petrochemical's price reduction of 200 yuan/ton to 7,700 yuan/ton, coupled with its 712,000-ton annual capacity and normal operation, suggests ample market supply or weak demand, putting downward pressure on spot prices. This price adjustment reinforces supply-side pressure, exerting a generally bearish impact on the acrylonitrile spot market. It may prompt other producers to follow suit with price cuts, potentially exacerbating the downward price trend.
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