On January 6, Shanghai SECCO lowered its acrylonitrile listed price by 250 yuan/ton to 7,750 yuan/ton. The plant has an annual capacity of 520,000 tons but is currently operating at only 50% utilization. PriceSeek Analysis: Acrylonitrile, Bull-Bear Score: -2. Shanghai SECCO’s reduction of its acrylonitrile listed price by 250 yuan/ton to 7,750 yuan/ton, coupled with a plant capacity of 520,000 tons/year operating at just 50% utilization, indicates significant demand weakness and supply pressure. This is likely to directly weigh on the spot market, potentially intensifying downstream buyers’ wait-and-see sentiment and increasing the risk of near-term downward pressure on spot prices. Score: -2 (Significant Bearish). The substantial price cut and low operating rate, which failed to support prices, reflect a continued weakening of fundamentals.