Benzyl Nitrile Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Benzyl Nitrile in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Benzyl Nitrile Price Trend for the the Second Half of 2023

Benzyl Nitrile prices were found to be fluctuating in a narrow range during the second half of the year 2023. The wide array of consuming industries guided its market sentiments, which were relatively positive during the initial three months of the said period.

Benzyl Nitrile Price Chart

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Pharma and chemical industries showcased an increased demand during the third quarter; however, the eventual overflow of benzyl nitrile inventories started pushing the price trend down. Along with the demand factor, the fluctuating crude oil and energy prices also impacted the benzyl nitrile’s market run. Hence, the price trajectory turned southwards towards the end of the fourth quarter. Conclusively, a very mixed market performance was witnessed in H2’23.

Analyst Insight

According to Procurement Resource, the Benzyl Nitrile prices are likely to fluctuate in the coming months; the market sentiments will largely be demand-dependent amid the current global economic scenario.

Benzyl Nitrile Price Trend for the First Half of 2023

Benzyl Nitrile prices flowed with the price patterns of feedstock Benzyl Chloride and metal cyanide. Market prices remained mixed for most of the said period. Prices observed bearish sentiments in the first quarter, especially in the Asian markets pertaining to high inventory levels. Europe and US witnessed high swinging trend in the first quarter, but prices mostly fluctuated on the lower end in the second quarter of 2023.

The major reason for the decline was the ramped-up production by Chinese production facilities after the Lunar New Year holidays. As the cheap Asian exports reached American and European shores, prices started normalizing there too. Moreover, eased transportation costs and freight restorations helped reduce the upstream pressure. Downstream demands from pharmaceuticals, dyes, and chemical industries fluctuated per demand and inventory stocks. Overall, truly mixed price trend were observed.

Analyst Insight

According to the Procurement Resource, the Benzyl Nitrile prices are expected to oscillate under the influence of feedstock benzyl chloride and uncertain downstream demands.

Procurement Resource provides latest prices Benzyl Nitrile. 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.