Polyacrylonitrile (PAN) Price Trend and Forecast

Regional Price Overview

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

Polyacrylonitrile (PAN) Price Trend for the Second Half of 2023


Polyacrylonitrile (PAN) began its price run on the lower level of the price curve at the beginning of Q3’23. In both the Indian and the Chinese markets, the inventories were overflowing with surplus stocks, and the bearish demands made the situation even more dire for the polyacrylonitrile suppliers. So, the PAN price graph remained downward-directed for the majority of the discussed span. As quarter-four approached, the price graph declined further since the international queries also declined throughout.

Polyacrylonitrile (PAN) Price Chart

Polyacrylonitrile (PAN) Price Trends and Forecast

Please Login or Subscribe to Access the Polyacrylonitrile (PAN) Price Chart Data

Depreciation in the production costs led by the downfall in the feedstock ammonia and acrylonitrile prices was also responsible for sliding the upstream cost support. Overall, a very meek market performance was witnessed by the Asian polyacrylonitrile (PAN) market during the second half of the year 2023.


The European polyacrylonitrile industry had its struggles during the said period. A few maintenance shutdowns of downstream rubber industries affected the market demands gravely during this time. On the other side, the supplies were also strained because of port congestion and later on because of the shipping industry crisis, given the Red Sea issues. So, the prices were tugged between trembling demands and constricted supplies; overall, very muted market sentiments were witnessed.

North America

The polyacrylonitrile (PAN) performed differently during both quarters of H2’23 in the American market. Quarter three was dull and riddled with weak domestic demands, but steadily, the situation started changing. The demands started rising. However, by now, the suppliers had directed the existing stocks towards the international markets, especially Europe. This created a supply crunch at home, and the PAN prices started rising as the fourth quarter hit. So, a mixed market performance was witnessed.

Analyst Insight

According to Procurement Resource, PAN price trends are likely to vary regionally in the coming months; global demands are expected to rise as the holiday season gets over.

Polyacrylonitrile (PAN) Price Trend for the First Half of 2023


Polyacrylonitrile prices exhibited bearish market sentiments throughout the said period of the first half of 2023, primarily because of the depressed upstream costs. As the polymerization of acrylonitrile produces polyacrylonitrile, the lowered feedstock acrylonitrile costs also affected the polyacrylonitrile market rates. Another factor influencing the Polyacrylonitrile market was the inventory stocks; since the consumption has been low for a very long time, the supplies have been piling up. This further forced the suppliers to push down the prices in order to vacate the inventories.


Polyacrylonitrile witnessed mixed price trend throughout the H1’23. Initially, the market started slow at the beginning of the first quarter; however, it picked up pace from the middle of Q1’23 as the consumption started rising from downstream textile, fibers, and chemical industries. But as the second quarter arrived, the market again shifted gear, and the prices started falling with depressing demands. The heightened inflation because of the Russia-Ukraine war also had its role to play in dictating the market dynamics. Overall, dull market sentiments were observed.

North America

The Polyacrylonitrile market was mostly muted during the discussed period of H1’23. The American market almost mimicked the Asian market for Polyacrylonitrile price trend. Because of sullen demands, the price trend were already on a downward trajectory, but when the inflation rose after two major US banks collapsed and the interest rates went up, the steepness of the downward curve increased even further. The prices remained on a downhill trek.

Analyst Insight

According to Procurement Resource, with the given gap in the supply and demand dynamics, the prices are not likely to improve anytime soon.

Polyacrylonitrile (PAN) Price Trend for the Second Half of 2022


During the third quarter, the prices remained on the negative side for polyacrylonitrile polymer. The major cause was the heat waves and disruptions in power supply. The fall in the prices was further supported by the increase in inventories. Another major cause for the declining trend was customer demand, which remained insignificant throughout the quarter. There was, however, a slight incline in the prices during the initial months of the fourth quarter for the feedstock acrylonitrile. But this was short-lived as the strikes in the South Korean region negatively impacted the price trend.


The European market saw a stable price incline for PAN. The demand for its feedstock acrylonitrile remains stable in the third quarter. The export from the Russian market, however, negatively impacted the domestic European market and the prices started to fall.

The high inflation in the European region and increased domestic inventories further led to the decline in the prices of the commodity. The fourth quarter, however, showcased the rise in the prices of feedstock acrylonitrile which in turn rose the prices of polyacrylonitrile due to the limited supply from the market. The middle of the fourth quarter saw a decline the as the production costs increased.

North America

The domestic inventory plunged during the third quarter of 2022 accompanied by decreased production rates of the feedstock acrylonitrile that led to a decline in the prices of the commodity. Feedstock prices rose marginally in the fourth quarter during the initial months. This rise was, however, short-lived as the fall in the upstream costs and rising inflation led to a dip in the prices. The supply chain of the feedstock was also disrupted because of the low water levels in the Mississippi and Ohio rivers, leading to an increase in domestic inventories.

Analyst Insight

The prices of PAN are likely to decrease during the coming month given the rise in the domestic inventories and high inflation in the market.

Polyacrylonitrile (PAN) Price Trend For the First Half of 2022


The price trend for PAN (Polyacrylonitrile) registered an oscillating pattern throughout the Asian market. The surging upstream crude oil prices deeply impacted the petrochemical industry. The prices of feedstock acrylonitrile and methyl acrylate soared throughout the first quarter, thereby affecting the price trend for PAN.

The price of feedstock acrylonitrile averaged 2200 USD/MT Ex-Mumbai in the Indian domestic arena. However, during the second quarter, the prices soon plateaued and registered a downward trend as the market dynamics relaxed owing to the demand destruction and supply-demand mismatch. The price of feedstock acrylonitrile averaged 1780 USD/MT CFR Qingdao during the second quarter of the said year.


The price trend for PAN surged throughout the European region due to the robust demand from automotive and electrical industries amid the inflated upstream production costs. However, the price relaxed towards the end of the second quarter as the supply chain restrictions started to ease. The price of feedstock acrylonitrile averaged 1985 USD/MT towards the end of June 2022.

North America

The prices surged during the start of the year owing to the robust demand, supply and skilled labour shortages, inflated freight, and transportation charges. However, despite the trade relaxation in the second quarter, only a slight dip was registered in the price trend for PAN owing to the booming downstream sector. The price of feedstock acrylonitrile averaged 2010 USD/MT in the US domestic market.

Procurement Resource provides latest prices of Polyacrylonitrile (PAN). 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.

Sample Dashboard

Please Login or Subscribe to explore our dashboard.


Polyacrylonitrile (PAN) is a synthetic, semicrystalline organic polymer resin. Despite being thermoplastic, it does not melt when exposed to ordinary temperatures. It deteriorates prior to melting. If the heating rates are 50 degrees or more per minute, it melts above 300 y.

The majority of polyacrylonitrile resins are copolymers with acrylonitrile serving as the primary monomer in a mixture of monomers. It is a multifunctional polymer that is used to make a wide range of products, such as ultra-filtration membranes, hollow fibres for reverse osmosis, fibres for textiles, oxidised flame retardant fibres like PANOX, and carbon fibre. High-quality carbon fiber's chemical forerunner is PAN fibre.

Product Details

Report Features Details
Product Name Polyacrylonitrile (PAN)
HS CODE 39069090
CAS Number 25014-41-9
Industrial Uses Textile applications, Making of carbon fiber, filtration membranes, fibers for cement reinforcement, Hydrogen storage, EMI shielding, Separation processes
Chemical Formula (C3H3N)n
Synonyms Vinyl cyanide
Molecular Weight 53.06 g/mol
Supplier Database DOLAN GmbH, AKSA, Montefibre Carbon, Dralon, Formosa Plastics, Toray
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

  • Production of PAN from Aqueous Dispersion Polymerization

The procedure involves polymerizing acrylonitrile with the co-monomer methyl acrylate to create polyacrylonitrile, a material that may be spun into fibre using wet spinning.


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).

Assistance from Experts

Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.

Client's Satisfaction

Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.

Assured Quality

Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.

Table Of Contents

Our Clients


Get in Touch With Us


Phone:+1 307 363 1045


Phone: +91 1203185500


Phone: +44 7537 132103

Email: sales@procurementresource.com


Get latest News About Procurement Resource
Subscribe for news

This site uses cookies (including third-party cookies) to record user’s preferences. See our Privacy PolicyFor more.