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 H2 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.
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.
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 trends 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 trends 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.
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 trends 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.
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 Name||Polyacrylonitrile (PAN)|
|Industrial Uses||Textile applications, Making of carbon fiber, filtration membranes, fibers for cement reinforcement, Hydrogen storage, EMI shielding, Separation processes|
|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.
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).
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