Viewed from the cash flow, there was a considerable profit in October to November this year

Viewed from the cash flow, there was a considerable profit in October to November this year, which was benefited from the concentrated efforts of unit maintenance and production reduction. However, the improvement in cash flow also stimulated the restart of some plants under the pursuit of profits, which would inevitably deteriorate the profitability of the industry again. At present, ACN still has a profit of about 700yuan/mt. In a competition perspective, the acceptable price declines vary among plants given the different feedstock costs. Therefore, by lowering the market price to strive for more market share, the production of plants with relatively high cost is also inhibited. In short, the current acrylonitrile market gradually enters a stage of competing costs. Plants with high costs are forced to cut production, while those with lower feedstock prices are able to maintain bulk-cheap trades.