During the period, the supply-demand imbalance remained unresolved, with localized inventory accumulation continuing. According to statistics, as of January 7, the inventory of acrylonitrile plants in China was approximately 63,500 tons, an increase of 2,500 tons compared to the previous week.
PriceSeek's analysis of acrylonitrile shows a bearish score of -1.5. As of January 7, the inventory of acrylonitrile plants in China rose to 63,500 tons, up by 2,500 tons from the previous week, representing an increase of about 4.1%. This indicates that the supply-demand imbalance has not been alleviated, and localized inventory accumulation persists. This suggests that market oversupply or weak demand is increasing the downside pressure on spot prices.
Detailed analysis: The accumulation of inventory reinforces the oversupply situation, which may prompt producers to lower prices to clear stock, putting short-term downward pressure on spot prices. Without improvement in demand, prices could weaken further.
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