Hydrogen Cyanide Price Trend and Forecast

Hydrogen Cyanide Regional Price Overview

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


Hydrogen Cyanide Price Trend for the Q1 of 2023

Product Category Region Price Time Period
Hydrogen Cyanide Chemicals India 3848 USD/MT March 2024

Stay updated with the latest Hydrogen Cyanide prices, historical data, and tailored regional analysis

Hydrogen Cyanide Price Trend for the Second Half of 2023


During the initial months of the third quarter, the traders were optimistic regarding the trajectory of hydrogen cyanide prices as the rising cost of feedstock ammonia and methane hinted towards rising cost of production. Therefore, along with the rising rates of procurement from the downstream industries and gradually increasing cost of manufacturing, the prices of hydrogen cyanide inclined. However, these market sentiments prevailed only till the middle of the next quarter.

Hydrogen Cyanide Price Chart

Hydrogen Cyanide Price Trends

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The bullish run of the hydrogen cyanide prices was supported by the rising demand from the overseas and domestic industries but soon the export rates lagged and the gap between supply and demand due to excessive nature of former and muted activities in the later, eventually forced the prices to move southwards.


The escalation of hydrogen cyanide prices was based on the increased interest of consumers in both domestic and international sectors during the third quarter of 2023. The market's growth rate was also fueled by the rise in the cost of natural gas and the European economy's depreciation in terms of the US Dollar.

Also, a temporary halt of production by some industry giants depleted inventories at a much faster pace during the fourth quarter of 2023. However, in the later months of the quarter, the market conditions were damped by the rising uncertainties in the trading activities and diversion of the traditional trade routes in view of the disruption of the Red Sea route.

North America

Initially, in the third quarter, the prices of hydrogen cyanide inclined by only a slight margin but soon the consumers started stocking up the feedstock materials which in turn increased the cost of production. The shortage of supplies was further driven by the firm demand from both domestic as well as overseas industries and low rates of exports from the Asian countries. Unlike Asian and European countries, the hydrogen cyanide market was able to maintain its momentum in the fourth quarter too and the prices had a positive run-on account of favorable consumer sentiments. 

Analyst Insight

According to Procurement Resource, the price trends of Hydrogen cyanide is expected to be fueled by the rising cost of feedstock materials and rising rates of procurement from the downstream industries.

Hydrogen Cyanide Price Trend for the First Half of 2023


In the early months of 2023, traders noticed a slight decline in the market's overall dynamics as the cost of production fell consistently with feedstock prices. Consequently, the price of hydrogen cyanide also declined due to dipping consumer interest and falling procurement rates from downstream sectors.

This pessimistic tendency of the market lasted throughout the next quarter, too. Additionally, the export rates soon dropped in view of limited overseas demand and frail trading activities, which resulted in an oversupply situation that was made worse by muted domestic activity. As a result, the price trend of hydrogen cyanide overall bore a bearish trend.


Given the ongoing decline in natural gas costs, hydrogen cyanide price trends in Europe registered a continuous declining string. The price trend of hydrogen cyanide further bore the ill consequences of the weak demand for nitrogen-based fertilizers due to their abundant supply. Furthermore, poor market sentiments across the European countries were also supported by the loss of export volumes, the sanction of Russian trade, and the inclining cost of energy production.

North America

Comparing the North American region to its European and Asian counterparts, the trajectory followed by hydrogen cyanide prices was more or less similar. During the first and second quarters of 2023, hydrogen cyanide prices decreased due to a sharp reduction in demand from both domestic and foreign consumers. The increase in imports and the opening of ports, which upset the region's supply-demand dynamics, also had a negative impact on pricing patterns. Further, the pricing fundamentals were also impacted by the fertilizer industry's demand.

Analyst Insight

According to Procurement Resource, the price trend of Hydrogen Cyanide is expected to showcase an oscillating trajectory as the onset of sowing season might support the upward trend, but persistent trade challenges can hinder the growth trajectory.

Hydrogen Cyanide Price Trend for the Second Half of 2022


Hydrogen Cyanide HCN is extensively used as a fumigating agent and in mining (gold and silver). It’s a very poisonous fluid in both liquid and gaseous form. China has constantly been expanding its HCN production capabilities. HCN price trend mimic the price trend for feedstock methane and ammonia. The Asian HCN market observed mixed price sentiments in the second half of the year 2022.

At the start of the third-quarter prices surged a little as the natural gas prices were high and freight curtailments hurdled the supplies. But, as the Covid restriction got eased around August and the cheap Russian gas reached India and China, upstream costs declined. Even after reduced upstream costs, the bearish demands throughout the final quarter didn’t let the prices go up.


Europe received the most hiked energy bills in the year 2022. Natural gas prices remained high and soared up till later Q3 as Europe had completely stopped energy imports from Russia by August 2022, owing to Russia’s attack on Ukraine. Feedstock ammonia prices too remained high in the third quarter, hiking the HCN prices as a result. It was later around q4 that the prices stabilized and started declining because of the reduced demands from the downstream industrial sectors.

North America

America has the biggest share in the HCN market at around 35% of the total. So the prices here influence the prices the world over. The USA is the biggest producer of natural gas, and the production was even higher in the second half of the year 2022, upstream costs for Hydrogen Cyanide remained low and declined further as the feedstock ammonia was also available at cheaper rates. So, the HCN price trend in America remained low swinging.

Analyst Insight

According to procurement resources, HCN price trend are expected to remain mixed, as the recession is still clouding over Europe and, the Russia – Ukraine war is still ongoing, but the supply chains have been restored and industries have also revived, so downstream demand is expected to rise.

Procurement Resource provides latest prices of Hydrogen Cyanide. 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.

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About Hydrogen Cyanide

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.

Hydrogen Cyanide Product Details

Report Features Details
Product Name Hydrogen Cyanide
Industrial Uses Agricultural products (non-pesticidal), Water treatment products, Intermediates, Solvents
Chemical Formula HCN
Synonyms Hydrocyanic acid, Formonitrile, Prussic acid
Molecular Weight 27.02 g/mol
Supplier Database Evonik Industries, INEOS, Air Liquide, Matheson Tri-Gas Inc, Ascend Performance Materials
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.

Hydrogen Cyanide Production Processes

  • Production of Hydrogen Cyanide from Methane and Ammonia

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.


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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