Acetonitrile Prices

Acetonitrile Prices March 2024

During Q1 2024, prices of acetonitrile reached 2,334 USD/MT in the USA. The market faced rising demand, coupled with inventory constraints, which pushed up prices. Limited stock levels and increasing raw material costs created additional pressures, while shipping delays and fuel charges complicated trade dynamics. Plant maintenance shutdowns also affected material availability, impacting sectors like pharmaceuticals.

In Japan, the acetonitrile demand experienced a brief decline during Q1 2024, with the prices reaching 1,484 USD/MT in March. This was primarily driven by post-holiday need slowdowns. However, recovery followed with a resurgence in demand by end users, specifically pharmaceuticals. During continued logistical challenges, supply shortages were worsened by factory closures, resulting in an unbalanced supply and demand situation by the end of the quarter.

Belgium's acetonitrile market saw a mixed performance in Q1 2024, with prices reaching 1,597 USD/MT. Despite steady demand, disturbances in the supply chain, including protests and regional transportation blockades, affected the movement of goods. Increasing transportation expenses and delays in logistics led to a general mismatch between supply and demand, resulting in heightened prices for the entire quarter.

Acetonitrile Prices December 2023

The acetonitrile prices in the USA for Q4 2023 reached 2,290 USD/MT (Pharma Garde) in December. The market was impacted by fluctuating demand and stable supply conditions. A brief dip in prices was followed by a recovery, driven by opportunistic stockpiling amid lower rates. By the end of the quarter, rising feedstock costs and inflationary pressures pushed prices upward, creating a dynamic market landscape.

The price trend for acetonitrile in Japan for Q4 2023, reached 1,410 USD/MT in December. The market saw a generally bearish trend with a slight recovery by December. The market's steadiness was largely due to ample supply levels amidst low demand. Price movements were moderate, reflecting the cautious sentiment in purchasing activities and the stability of stock among market participants.

The price trend for acetonitrile in South Korea for Q4 2023, reached 1,435 USD/MT in December. The market faced ongoing challenges in the final quarter of 2023, characterized by weak demand both domestically and internationally. With high inventory levels and cost control measures in place, prices continued to decline. The market outlook remained pessimistic, impacted by low purchasing activities and a cautious approach from local suppliers.

The price trend for acetonitrile in Belgium for Q4 2023, reached 1,645 USD/MT (Pharma Grade) in December. A significant fluctuation in prices were observed. Initially stable with minor increases, the market dipped in November due to reduced demand from key sectors and a broader economic slowdown. By December, there was a slight rebound, supported by stable local purchasing activities and a favorable supply environment.

Regional Coverage

The report provides a detailed analysis of the acetonitrile market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the acetonitrile price trend. 

Global Acetonitrile Price

The report offers a holistic view of the global acetonitrile pricing trends in the form of acetonitrile price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into acetonitrile historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into acetonitrile price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed acetonitrile demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Acetonitrile Price

Q2 2024:

In Q2 2024, the European market was shaped by challenging scenarios, including geopolitical disturbances and the rising cost of natural gas. The importers faced even more difficulties due to the devaluation of the euro, as an oversupply and low demand pushed prices down. Buyers were cautious amid inflation and economic concerns, which led to lower purchasing activity. Despite ample stock, suppliers scaled back production to manage pre-existing stock levels. Freight costs eased mid-quarter, leading to a brief recovery in exports. However, the overall market remained subdued as supply comfortably met reduced demand, resulting in a largely stable pricing environment.

Q1 2024:

The market in European was marked by mixed trends in the first quarter of 2024, driven by both supply constraints and demand pressures. While steady demand from the pharmaceutical sector kept prices firm, ongoing issues in global shipping routes and trade conflicts created logistical hurdles, driving up costs. At the beginning of the quarter, a temporary dip in demand allowed merchants to clear inventories at reduced prices. Moreover, a resurgence in demand from downstream industries, compounded by logistical disruptions, including protests by farmers and regional transportation blockades, contributed to a renewed supply-demand imbalance. These factors, along with rising transportation costs, kept acetonitrile prices elevated across the European market.

Q4 2023:

The European acetonitrile market in Q4 2023 experienced fluctuating trends, especially in key importing countries like Belgium. Early in the quarter, prices edged upward, but the market stabilized due to ample inventories and consistent downstream activity. As November progressed, reduced demand across sectors, impacted by a broader economic slowdown, caused prices to dip. By December, a slight recovery was noted, driven by stable local purchasing sentiments and fluctuations in currency values. The geopolitical tensions related to the Red Sea conflict further complicated market dynamics, affecting costs of delivery and transportation timelines. These elements combined to create a nuanced market environment for acetonitrile in Europe during this period.

This analysis can be extended to include detailed acetonitrile price information for a comprehensive list of countries.

North America Acetonitrile Price

Q2 2024:

In the second quarter of 2024, the market in North America witnessed a decrease in prices because of a mix of external and internal influences. A decrease in usage by major sectors, including solvents and pharmaceuticals, contributed to a notable drop in prices. Manufacturing operations in the USA experienced a reduction in new orders, prompting producers to decrease purchases and concentrate on controlling current inventories. Additionally, rise in the operational expenses, particularly in energy and feedstocks, pushed production expenses higher. Even though there was a small increase in demand in May, the pricing situation remained unpredictable, as manufacturers were careful in controlling their supply levels. The market reflected the complicated interaction of economic pressures, fluctuating demand, and strategic inventory management.

Q1 2024:

North American saw positive price momentum during Q1 2024, influenced by rising regional needs and restricted stock levels. Constraints in stock led to supply challenges further exacerbated by the growing costs of raw materials like ammonia and acetic acid. Producers encountered challenges in ramping up production to prevent running out of materials, as they were also affected by shipping delays and higher fuel expenses, adding pressure to the market. Furthermore, scheduled maintenance of key feedstock plants, such as the shutdown of feedstock facilities, hampered supply, exacerbating shortages. Weather-related concerns added to this, with warnings of future transport bottlenecks. Despite these pressures, price adjustments occurred early in the year because of a combination of factors, including premeditated positioning and inventory management by manufacturers.

Q4 2023:

During Q4 2023, the North American acetonitrile market showed an optimistic trend, despite a minor downturn in October. This dip was linked to a decrease in demand from the pharmaceutical and chemical sectors, driven by lower purchasing activities and a drop in raw material costs like acetic acid. Although demand fell, levels of supply remained strong, stabilizing the market. As November approached, prices began to recover moderately as distributors benefited from lower rates to replenish stocks. By the end of the quarter, higher feed material costs and price-escalating pressures led to supply chain challenges, causing prices to rise again. The dynamic interplay of these factors shaped the market's trajectory throughout the period.             

Specific acetonitrile historical data within the United States and Canada can also be provided.

Middle East and Africa Acetonitrile Price

The report explores the acetonitrile pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on acetonitrile prices for countries can also be provided.

Asia Pacific Acetonitrile Price

Q2 2024:

In the Asia Pacific region, the market witnessed a predominantly negative trend in Q2 2024 owing to an imbalance between supply and demand. At the beginning of the quarter, suppliers reduced prices to encourage sales due to surplus inventory levels. However, the increasing cost of feedstock led to high manufacturing expenses, further straining the market. During the middle of the quarter, there was a slight improvement in the situation as there was an increase in interest from the pharmaceutical and solvent industries. Strategic inventory management and long-term contracts helped maintain market stability, although higher feedstock prices continued to influence production costs. At the end of the quarter, there was an oversupply, which led traders to decrease prices due to a less favorable trading environment.

Q1 2024:

The market in the Asia Pacific region demonstrated a cautiously optimistic trend in the first quarter of 2024. Market dynamics were affected because of trade conflicts, supply chain disruptions, and increasing logistics expenses, resulting in a decrease in the availability of acetonitrile. Despite a temporary decrease owing to low activity after the holiday season, there was a rebound in demand driven by the recovery of industries, including pharmaceuticals. By mid-quarter, production rates had rebounded, although supply restrictions persisted due to shutdowns at key plants, limiting output. Additionally, the volatility of feedstock prices contributed to the unpredictability of the market. The overall performance remained complex, shaped by supply challenges and growing overseas demand.

Q4 2023:

In the Asia-Pacific region, the acetonitrile market witnessed challenges throughout the last quarter of 2023, largely characterized by weak downstream demand and stagnant shipments. Exporting nations, such as Japan and South Korea, witnessed mixed trends. While Japan saw a moderate recovery in December due to a stable supply, South Korea continued to struggle with a bearish outlook due to low buying sentiment and a focus on cost control among domestic suppliers. The regional market was also impacted by seasonal price fluctuations and high inventory levels that kept supply ample despite limited demand growth. As the quarter drew to a close, the market's bearish sentiment persisted, reflecting the complexities of the regional economic landscape.

This acetonitrile price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Acetonitrile Price

The analysis of acetonitrile prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Acetonitrile Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Acetonitrile Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of acetonitrile pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of acetonitrile at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of acetonitrile price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing acetonitrile price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Acetonitrile Market Analysis

The global acetonitrile industry size reached 155.8 Kilo Tons in 2023​. By 2032, IMARC Group expects the market to reach 226.3 Kilo Tons, at a projected CAGR of 4.10% during 2023-2032​.

• Acetonitrile serves as a necessary catalyst in numerous chemical synthesis reactions, reducing reaction times and enhancing overall productivity. It is employed in the formulation of various organic compounds, such as pharmaceutical intermediates and specialty chemicals, which is primarily driving the market growth.
• The widespread product utilization in various battery systems, including lithium-ion batteries, advancing storage technologies is bolstering the market growth. Acetonitrile’s ability to solvate ions effectively enhances battery performance by facelifting ion transport within the electrolyte. This results in improved energy density, cycle life and overall battery efficiency.
• Acetonitrile makes an ideal mobile phase solvent in chromatographic separations due to its low viscosity and superior solvating capabilities. Its compatibility with different detection techniques such as ultraviolet (UV)-visible and mass spectrometry ensures reliable and accurate results in analytical chemical applications. Acetonitrile acts as a driving force in chromatography, enabling precise separation and analysis of complex mixtures, thus creating a positive outlook for market expansion.
• The emerging trends towards sustainability spurring the use of biodegradable solvent systems as well as recycling and use of renewable feedstocks to lower the environmental impact of acetonitrile is strengthening the market growth.
• Acetonitrile serves as a versatile precursor for the synthesis of many different organic compounds. It reacts with different functional groups to create agrochemicals, pharmaceuticals, and specialty chemicals. Moreover, acetonitrile is paramount in driving innovation and progress across the chemical industry, which is further contributing to the market expansion.
• Acetonitrile’s rising utilization in industries such as pharmaceuticals, where it serves as a reactive solvent and intermediate in the synthesis of various pharmaceutical compounds is acting as another significant growth-inducing factor.
• Stricter regulations regarding solvent emissions, workplace safety, and waste disposal necessitate compliance measures and the adoption of cleaner production technologies. As a result, companies across the acetonitrile industry are investing in research and development (R&D) to develop low-emission processes, adopt safer handling practices, and explore alternatives to address regulatory requirements, propelling the market forward.

Acetonitrile News

The report covers the latest developments, updates, and trends impacting the global acetonitrile industry, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in acetonitrile production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the acetonitrile price trend.

Latest developments in the acetonitrile industry:

• April 2024: INEOS Nitriles confirmed the world’s first  sales of INVIREO^TM , which is a new bio-based acetonitrile required for the manufacturing of several pharmaceuticals.
• May 2023: Jindal Speciality Chemicals Private Limited had announced an investment of over Rs. 100 crores to establish an Acetonitrile facility in Kheda, Gujarat, with a production capacity of 10,000 tons per annum. The company aimed to generate 20-25% export revenue by 2024, focusing on the pharmaceutical and agrochemical sectors.

Product Description

Acetonitrile is a colorless liquid with an odor, miscible with water and most organic solvents. It has a boiling point of 81.6°C and a melting point of -45.7°C making it useful across a wide temperature range.

Acetonitrile is a highly polar aprotic solvent widely used in chromatography, mass spectrometry (LC-MS) and other analytical methods. Its compatibility with a wide range of compounds makes it a cornerstone in laboratory settings.

Because of its exceptional purity, acetonitrile is extensively utilized in synthesis and analytical procedures. Additionally, its minimal impurities ensure its reliability in research and industrial applications.

Acetonitrile shows exceptional stability in a wide range of temperature and pressure conditions. This guarantees consistent performance, making it a dependable choice for critical processes.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of acetonitrile pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting acetonitrile price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The acetonitrile price charts ensure our clients remain at the forefront of the industry.