On January 12, Sinopec North China Sales Company reduced the listed price of acrylonitrile by 100 yuan/ton to 7,200 yuan/ton. PriceSeek's analysis of acrylonitrile shows a bearish score of -1.5. The price reduction by Sinopec North China Sales Company on January 12 indicates an oversupply in the market or weakened demand, which exerts significant downward pressure on spot prices. This price cut may lead to a wait-and-see attitude among downstream buyers, accelerating selling pressure in the spot market. It is expected that prices will continue to face downward pressure in the short term.
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