Acrylonitrile Prices Are Expected To Rise in December

Acrylonitrile prices are expected to rise in December, driven by the potential shutdown of a unit at Zhejiang Petrochemical and delayed production from new units. This has led to price increases at the high end, with low-end prices gradually following. While traders align their prices accordingly, they are reluctant to make proactive adjustments due to the high settlement pressure in recent months.

For acrylic fiber, price increases are unlikely due to subdued demand. To raise prices, manageable inventory and ensuring that price hikes do not discourage downstream buyers are crucial. Inventory pressure can be alleviated through production cuts, but in terms of purchasing interest, some downstream yarn mills continue to be cautious, anticipating potential price drops before the traditional buying season, which suppresses demand. On the other hand, not reducing prices puts pressure on mills to clear inventory, recover funds, and manage procurement challenges, creating a tough balancing act.