Product
Acetonitrile Price Trend and Forecast
Acetonitrile Price Trend and Forecast
Regional Market Overview
Get the latest insights on price movement and trend analysis of Acetonitrile in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Acetonitrile Price Trend for the First Half of 2023
Asia
The weak market dynamics in the first quarter of 2023 kept the price trend of Acetonitrile on the negative side. In addition to reducing the number of offtakes, slow demand and weak support from the feedstock prices also negatively impacted the acetonitrile market. In the second quarter, the volatility in the upstream markets, a significant drop in the number of inquiries, and a remarkable drop in the exports from China to overseas nations further aided this decline in the prices of Acetonitrile.
Europe
A declining trend in the prices of Acetonitrile was observed in both the first and second quarters of 2023. In the first quarter, the prices were affected by the gradually falling prices of feedstock materials and declining demand from the downstream sectors.
The decrease in feedstock cost led to a reduction in the imports from the Chinese region, and consistently dropping demand from domestic and international buyers posed a problem for traders. In addition to this, the rising level of inventories and feeble market dynamics fueled the downfall of the prices of Acetonitrile in the European region.
North America
The first quarter of 2023 suffered from the rising stockpiles of Acetonitrile amid the falling demand from the downstream sector. Due to this, the manufacturers had to cut their production costs and to overcome the recession that shadowed the US economy; they also had to constrict their profit margins. But the second quarter proved to the favorable for the prices of Acetonitrile.
From the middle of the second quarter, the positive consumer outlook increased demand and a rise in the inquiries from the downstream market led the trajectory of the prices of Acetonitrile to move upwards.
Analyst Insight
According to Procurement Resource, the price trend of Acetonitrile is estimated to showcase a mixed trend given the erratic demand dynamics from regional markets.
Procurement Resource provides latest prices of Acetonitrile. 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.
About
Acetonitrile is a colorless, volatile liquid organic compound with the chemical formula CH3CN. It is a versatile solvent widely used in various industries, including pharmaceuticals, chemical synthesis, and analytical laboratories. Acetonitrile has a distinctive odor and is miscible with water and many organic solvents.
Its key properties include a relatively high boiling point, low viscosity, and excellent solvent power, making it efficient for dissolving polar and non-polar substances. Moreover, it exhibits good stability and is relatively non-reactive under standard conditions. However, caution is required during handling and storage, as acetonitrile is flammable and toxic when ingested or inhaled.
Product Details
| Report Features | Details |
| Product Name | Acetonitrile |
| Chemical Formula | C2H3N |
| Industrial Uses | Fuel additive production, Specialty solvents, Photographic industry, Extraction processes, Chemical synthesis, Electronics manufacturing |
| HS Code | 29269000 |
| Molecular weight | 41.05 g/mol |
| Synonyms | Ethanenitrile, Methyl cyanide |
| Supplier Database | Achemica, Filo Chemical, NeuChemical, Sterling Chemicals, DuPont, CNPC Jilin Chemical, BP Chemicals, AlzChem AG |
| 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 |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Production Processes
This process involves the oxidation of propylene in the presence of ammonia in a fluidized bed reactor. As a result, acetonitrile and hydrogen cyanide are produced as a byproduct.
Methodology
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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