Procurement Resource provides latest prices of 2-Propenenitrile. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Get the latest insights on price movement and trend analysis of 2-Propenenitrile in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
During the first quarter, the price trends for 2-Propenenitrile registered an oscillating pattern. Due to the heightened oil and freight charges, feedstock propylene and ammonia prices soared. The cost of feedstock propylene averaged 1027-1073 FOB Busan. However, due to the supply-demand mismatch, the market prices kept fluctuating.
However, the prices weakened in the second quarter for several reasons. After the upliftment of covid restrictions, the run rate of refineries increased; thus, the production of naphtha as a by-product increased, leading to the prices dropping. Amidst the lowered upstream costs and the rising freight charges, the prices of 2-Propenenitrile kept stable and averaged 1780 USD/MT CFR Qingdao.
Owing to the robust downstream demand for Acrylonitrile butadiene styrene (ABS) in the European market and the supply-side shortages, the prices of 2-Propenenitrile remained strong throughout the first quarter. The feedstock ammonia and propylene prices averaged 919-988 US/MT (Baltic) and 1370 USD/MT FOB Germany, respectively. In the second quarter, the prices began to decrease as the supply-side constraints relaxed. The price of 2-Propenenitrile averaged 1985 USD/MT FD Rotterdam towards the end of the second quarter.
The US domestic market registered the same global price trends for 2-Propenenitrile. The prices soared during the first quarter but stabilized during the second. In the second quarter, the great production and stockpiles of feedstock ammonia increased, which decreased the upstream costs, whose effects were also felt in the downstream sectors.
2-Propenenitrile is a colourless volatile liquid with a pungent odour. It does not occur naturally and is harmful to aquatic life. It constitutes an essential class of monomer required to produce highly versatile polymers like polyacrylonitrile, styrene-acrylonitrile (SAN), and acrylonitrile butadiene styrene (ABS) etc.
|Industrial Uses||Plastics, Textiles, Rubber, Pesticides|
|Synonyms||Acrylonitrile, Cyanoethene, Vinyl cyanide , Cyanoethylene, Vinyl nitrile, Propenenitrile|
|Molecular Weight||53.064 g/mol|
|Supplier Database||INEOS, Sinopec Group, Sumitomo Chemicals, Asahi Kasei|
|Region/Countries Covered||Asia Pacific: China , India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland , Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
In this process, propylene, ammonia and air are passed through a fluidized bed reactor, and the products are then dumped into aqueous sulfuric acid. The desired product is separated from the by-products in the recovery column via distillation.
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The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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