Asia
In the first quarter of 2026, the average price was INR 375.42/kg, which was INR 372.46/kg in January, and INR 370.68/kg and INR 383.11/kg in the subsequent months. During the quarter, prices registered a rise of ~2.86%. Compared with INR 375.42/kg in Q1 2026, the previous quarter’s average prices were around INR 360.56/kg, showing a quarter-on-quarter increase of ~4.12%. The increase was supported by higher ammonia-linked costs, firm energy values, and cautious downstream procurement from cyanide-based chemicals. The Strait of Hormuz disruption raised freight and energy risk for Asian importers, though India’s price rise remained moderate as demand growth was steady rather than aggressive.
Europe
Hydrogen cyanide prices in Europe were pressured upward in Q1’26 as natural gas and ammonia costs climbed sharply after the Iran war disrupted Middle East cargo movement. The region was more exposed to energy driven production costs, and limited HCN availability tightened the MMA chain. Buyers in plastics, coatings, and specialty chemical applications faced higher replacement costs, keeping sentiment firm despite cautious purchasing.
North America
North American hydrogen cyanide prices were supported by firm downstream demand from MMA and acrylonitrile markets. The region faced less direct gas-cost pressure than Europe, but global supply-chain stress, higher freight insurance, and tighter derivative availability supported price firmness. Buyers maintained need-based procurement, preventing sharper spikes.
Analyst Insight
According to Procurement Resource, Hydrogen cyanide prices are likely to stay firm, with ammonia costs, freight risk, and MMA demand supporting the market. Any easing in energy and logistics pressure could limit further gains.
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Asia
Hydrogen cyanide prices in Asia reflected notable shifts in market conditions during Q4 2025, broadly tracking movements in feedstock costs alongside evolving supply and demand dynamics. In the opening phase of the quarter, prices held within a narrow range as ammonia costs stabilized and supply remained at adequate operating levels. Downstream demand from key consuming sectors, including sodium cyanide, methyl methacrylate, and chelating agent production, remained largely measured, offering limited upward impetus. Mid-quarter conditions changed as feedstock availability tightened due to environmental inspections affecting northern production facilities and maintenance-related outages at several plants. This cost pressure, combined with a modest pickup in downstream procurement activity from mining chemicals and acrylic fiber producers, contributed to price appreciation during this phase. Toward the close of the quarter, however, conditions eased as production resumed and demand momentum faded. Prices moderated from mid-quarter highs and moved into consolidation by quarter-end, reflecting a return to more balanced supply-demand conditions.
Europe
Hydrogen cyanide prices in Europe broadly followed the pattern observed in Asia during Q4 2025. The quarter opened with prices in a stable phase, as ammonia supply remained adequate and downstream demand from sectors such as pharmaceuticals, agrochemicals, and specialty chemicals stayed at baseline levels. Mid-quarter brought some price firmness, supported by supply disruptions at key production facilities and anticipation of regulatory adjustments affecting input cost structures. Demand from acetone cyanohydrin and adiponitrile producers provided measured support during this period. The latter portion of the quarter saw prices consolidate as supply conditions normalized and buying activity moderated, ending the quarter in a relatively stable position compared to mid-quarter levels.
North America
In North America, hydrogen cyanide prices followed a comparable trajectory during Q4 2025. Initial range-bound conditions reflected balanced supply and steady, if unexceptional, downstream demand from end-use sectors, including gold mining, nylon intermediates, and specialty chemical manufacturing. A temporary tightening in ammonia availability at certain production facilities contributed to mild price appreciation mid-quarter. However, the introduction of additional supply capacity toward quarter-end eased market tightness, allowing prices to stabilize at levels modestly above the quarter's opening.
Hydrogen cyanide, also known as prussic acid, is a chemical compound, which is a colourless, extremely poisonous, and flammable liquid that boils at slightly above room temperature at 25.6 °C or 78.1 °F. It is prepared commercially and is a highly valuable precursor to several chemical compounds ranging from polymers to pharmaceuticals.
HCN
Agricultural products (non-pesticidal), Water treatment products, Intermediates, Solvents
Hydrocyanic acid, Formonitrile, Prussic acid
Evonik Industries, INEOS, Air Liquide, Matheson Tri-Gas Inc, Ascend Performance Materials
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-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.
Andrussow oxidation, in which methane and ammonia react in the presence of oxygen at around 1200 °C over a platinum catalyst, produces hydrogen cyanide. This is the most widely used method of production.
Udeesha Tomar
AVP - Strategy and Solutions
Leading procurement research solutions across chemicals, materials, and food & beverages, with expertise in price forecasting and market analytics.
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This study analyzes Hydrogen Cyanide Production via Andrussow Oxidation Process, covering manufacturing, process flow, operating expenses, and financial considerations.
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