Asia
Throughout H2’24, Acetanilide prices in Asia witnessed a downward trajectory, primarily driven by the bearish trend in its key raw material aniline. The market faced pressure from reduced demand in pharmaceutical applications and excess inventory levels. The declining upstream costs, particularly from benzene, further weakened the production costs.
Manufacturing rates remained stable in China, but limited export opportunities and moderate domestic consumption kept prices suppressed. The region also experienced supply chain disruptions due to monsoons and typhoons, though their impact was minimal on overall pricing.
Europe
The European Acetanilide market showed resilience with an upward price trend during H2’24. The pharmaceutical sector's steady demand provided consistent support to prices, despite the region's manufacturing slowdown. Supply tightness during the summer holidays and increased production costs due to energy concerns contributed to the price rise. The market also witnessed some support from reduced imports as Asian manufacturers focused on their domestic markets. However, the construction sector's downturn partially offset stronger gains.
North America
North American Acetanilide prices followed a bearish trend in H2’24, influenced by weak downstream demand and sufficient inventory levels. The market saw reduced offtakes from pharmaceutical manufacturers amid declining deal activities. Hurricane Helene's impact disrupted supply chains but also led to inventory accumulation. Improved raw material availability, particularly Aniline and Benzene, from international markets pressured prices downward. The consumer price index's moderate increase also influenced cautious buying behaviour among end-users.