On February 10, Jiangsu Sierbang Petrochemical lowered its acrylonitrile listed price by 300 yuan/ton to 7,600 yuan/ton, with a total plant capacity of 1.04 million tons/year. PriceSeek analysis of acrylonitrile, sentiment score: -1. The reduction of the acrylonitrile listed price by 300 yuan/ton to 7,600 yuan/ton indicates proactive price cuts by suppliers, likely reflecting weak demand or oversupply. With a substantial total plant capacity of 1.04 million tons/year, this move exerts downward pressure on spot prices. It is expected to amplify bearish sentiment in the market, potentially leading to further price declines.
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