Acrylonitrile Prices

Acrylonitrile Prices September 2024

In the United States, prices for acrylonitrile for Q3 2024 reached 1450 USD/MT in September. The market saw fluctuating trends, with prices initially subdued due to weaker requirements from key industries like construction. However, mid-quarter pricing gained strength as feedstock shortages, coupled with rising natural gas costs, influenced production. A mix of strengthened supply and storm-related disruptions eventually led to a softening of prices by the end of the quarter.

The price trend for acrylonitrile in China for Q3 2024 settled at 1100 USD/MT in September. The market displayed a bearish trend, largely driven by excess supply and low requirement from end use sectors such as construction and automotive. Seasonal circumstances, involving adverse weather, hindered construction demand for materials like ABS and NBR, while high stocks and declining feedstock costs further exacerbated price declines.

In Germany, the acrylonitrile prices for Q3 2024 reached 1200 USD/MT in September. The market saw descending pressure in Q3 2024 due to weak requirements from sectors such as construction and automotive. Supply recovered after summer, yet inventory levels remained high, leading to a bearish sentiment. Seasonal influences, including the summer holiday and rising operational costs, further amplified the declining price trends.

Acrylonitrile Prices June 2024

The acrylonitrile prices in the United States for Q2 2024 reached 1260 USD/MT in June. The region, in Q2 2024, experienced declining prices as demand weakened within the bonding agents and polymer sectors due to slower construction activity. Limited assistance from ammonia feedstock and reduced polymer consumption further drove the price drop, creating a notably negative pricing trend across the quarter.

The price trend for acrylonitrile in Japan for Q2 2024 settled at 1250 USD/MT in June . The region's acrylonitrile market held steady in the second quarter of 2024, aided by steady requirement from the automobile industry and reliable production. Supply stability and minimal seasonal disruptions allowed for a balanced pricing environment, with notable resilience despite minor fluctuations in propylene and ammonia feedstock costs.

In Germany, the acrylonitrile prices for Q2 2024 reached 1430 USD/MT in June. The market experienced a bullish trend in Q2 2024, largely due to constrained raw material availability, increased natural gas costs, and solid interest from automobile and building industries. Tightened supply and seasonal demand spikes for adhesives contributed to a positive pricing landscape throughout the quarter.

Acrylonitrile Prices March 2024

The acrylonitrile prices in the United States for Q1 2024 reached 1435 USD/MT in March. In Q1 2024, the market saw a steady rise in prices driven by strong requirement from the building and refrigeration sectors. Increased freight rates, production disruptions due to plant closures, and rising energy costs from geopolitical tensions led to the upward trend.

The price trend for acrylonitrile in Japan for Q1 2024 settled at 1220 USD/MT in March. The regional experienced inconsistent pricing patterns in the first quarter of 2024. A reduction in early demand from nitrile butadiene rubber manufacturers was offset by rising production costs from limited propylene supply and seasonal shifts, while increased air freight demand added pressure on transportation costs.

In Germany, the acrylonitrile prices for Q1 2024 reached 1350 USD/MT in March. In Germany, acrylonitrile charges trended upwards in Q1 2024. The quarter was marked by rising energy and operational costs, disrupted propylene supplies, and increased demand from the vehicle manufacturing industry for nitrile butadiene rubber, propelled by bolstering electric vehicle production.

Acrylonitrile Prices December 2023

The acrylonitrile prices in the United States for Q4 2023 reached 1265 USD/MT in December. In the USA, prices increase sharply due to a shortage of feedstock ammonia and disruptions from INVISTA’s Force Majeure event. Increased propylene costs and low Mississippi River water levels added to the price pressure. The market experienced fluctuations as domestic stockpiling practices shifted ahead of the holiday season.

The price trend for acrylonitrile in Japan for Q4 2023 reached 1175 USD/MT in December. In Japan, acrylonitrile prices increased due to maintenance shutdowns at Sumimoto Chemical Co. Ltd. and higher demand from the polymer and elastomers sectors. Despite some stabilization towards the end of the quarter, costs were supported by feedstock ammonia shortages and firm offtakes from acrylic fiber manufacturers.

The price trend for acrylonitrile in Belgium for Q4 2023 reached 1335 USD/MT in December. The price increased due to tight supply conditions following maintenance at Ineos Nitriles. The market saw moderate demand and reduced manufacturing activity, leading to cautious buying. By the quarter’s end, prices had increased slightly, reflecting the ongoing supply and demand adjustments in the region.

Regional Coverage

The report provides a detailed analysis of the acrylonitrile 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 acrylonitrile price trend.

Global Acrylonitrile Price

The report offers a holistic view of the global acrylonitrile pricing trends in the form of acrylonitrile 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 acrylonitrile historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into acrylonitrile 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 acrylonitrile 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 Acrylonitrile Price

Q3 2024:

The market in Europe mostly experienced downward price pressure in Q3 2024, driven by lower demand and rising inventories. The requirement from the construction and automotive sectors remained sluggish, while drop in purchasing activities and increasing prices, signaled demand challenges. Post-summer, supply-side improvements, coupled with sustained seasonal effects from holidays and production constraints, compounded the bearish market outlook. Inventory build-ups added to the downward trend as demand failed to align with available supply, exacerbating the surplus. Market pressure intensified further in the latter half of the quarter, reflecting the ongoing challenges faced by the industry. The quarter closed with prices mirroring the persistent negative market sentiment and subdued demand conditions.

Q2 2024:

Due to the restricted supply of essential feedstocks, such as ammonia and propylene, and higher manufacturing costs brought on by higher natural gas charges, acrylonitrile prices in Europe climbed dramatically in the second quarter of 2024. Market tightness resulted from supply difficulties that were exacerbated by logistics disruptions. Despite wider economic worries, downstream demand, particularly from producers of ABS and nitrile butadiene rubber, maintained a strong pull-on available supply. Demand from the construction and automotive industries, as well as seasonal increases in the sealants and adhesives based on acrylonitrile, drove particularly bullish trends in Germany. Strong demand against stricter supply conditions resulted in a favorable price landscape.

Q1 2024 :

The European acrylonitrile market in Q1 2024 displayed weak initial trading but ultimately moved upwards as the quarter progressed. Production expenses were originally lowered by ammonia raw material prices and excess supplies. However, mid-quarter manufacturing rates started to be impacted by growing energy prices, and postponements in US propane imports. In the meantime, the rise in the production of electric vehicles raised the requirement for nitrile butadiene rubber in the automotive industry. Production issues towards the end of the quarter, such as a lack of workers and fluctuating international air cargo rates brought on by the growth of e-commerce, increased operating expenses and raised the price of acrylonitrile.

Q4 2023:

In Europe, the acrylonitrile market saw a shifting price trend in Q4 of 2023. The commencement of the quarter was marked by tight supply conditions, particularly after Ineos Nitriles in Germany underwent maintenance, leading to higher prices. The middle of the quarter saw moderate demand-supply dynamics, with stressed propylene availability and reduced manufacturing activity as indicated by a drop in the Eurozone Manufacturing PMI. By the quarter's end, demand softened owing to cautious purchasing and reduced operating prices in key industries like styrene acrylonitrile and acrylonitrile butadiene styrene (ABS). Despite these factors, prices increased slightly overall, reflecting the ongoing adjustments in the regional market.

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

North America Acrylonitrile Price

Q3 2024:

In the North American, the market displayed fluctuating price trends, reflecting mixed market conditions in FY24. Initially, prices softened due to lower requirement for polymers in fabrication and construction. By mid-quarter, however, prices gained upward momentum as production was impacted by limited Ammonia feedstock, rising natural gas costs, and steady requirement from key sectors. This created a optimistic outlook, which lifted prices in response to constrained manufacturing rates. Toward the quarter’s close, more readily available crude oil and enhanced plant activity helped stabilize feedstock supply, reducing manufacturing price. However, Hurricane Helene disrupted end use demand and led to stockpile increases, prompting price reductions. As a result, the quarter concluded on a softer note with prices reflecting these cumulative factors.

Q2 2024:

The acrylonitrile market in North America had a reduction in cost in Q2 2024, particularly in the second part of the quarter. At first, prices were constant given the building industry's robustness and the ABS industries' growing demand. But in the end, changes in construction activity resulted in less demand for sealants and adhesives, which had an impact on downstream polymer markets and weakened prices overall. The price drop was further exacerbated by decreased feedstock ammonia support as a result of fertilizer companies' decreased usage. The most important price fluctuations occurred in the USA, where a difficult pricing landscape was caused by steady declining trends brought on by low demand, less material assistance, and plenty of upstream inventory .

Q1 2024 :

Due to a number of variables, the acrylonitrile market in North America saw an increase in price in the initial part of 2024. Manufacturers of nitrile butadiene rubber saw a spike in demand after the holiday season as import prices rose due to higher US transport costs in the context of geopolitical unrest. ABS producers increased orders in the middle of the quarter, expecting the building industry to rebound as spring arrived. Production costs increased as a result of rising energy costs. Winter weather-related plant shutdowns in Texas and Louisiana had a major effect on supply levels, and a spike in the requirement for freezers and refrigerators near the quarter's conclusion contributed to price rises.

Q4 2023:

In Q4 of 2023, the product prices in North America exhibited a bullish trend, increasing significantly from last quarter. Primarily, prices were driven up by a shortage of feedstock ammonia, which was compounded by restricted natural gas supplies due to geopolitical tensions. Mid-quarter, the market faced disruptions when INVISTA in Houston declared Force Majeure, affecting propylene availability and production. Stockpiling by domestic buyers saw a temporary decline as they prepared for the holiday season. By the quarter’s end, escalating costs were supported by limited propylene inventories and rising utilization of propane for winter heating.

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

Middle East and Africa Acrylonitrile Price

The report explores the acrylonitrile 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 acrylonitrile prices for countries can also be provided.

Asia Pacific Acrylonitrile Price

Q3 2024:

In Asia Pacific, the market in FY24 underwent a marked decline, shaped by excess and subdued demand. Weakened requirements from sectors such as construction and automotive led to persistent price reductions, further pressured by high inventory levels. Seasonal conditions reduced actions in the construction industry, thus dampening the polymers consumption, like ABS and NBR, in construction. The oversupply situation worsened as orders from NBR and SAN producers declined. Feedstock costs also offered limited support, with lower crude oil and fertilizer requirements affecting Propylene and Ammonia prices. Cumulatively, these dynamics fostered a bearish sentiment throughout the quarter, ending with a notable price decrease across the region.

Q2 2024:

The acrylonitrile market in North America had a reduction in cost in Q2 2024, particularly in the second part of the quarter. At first, prices were constant given the building industry's robustness and the ABS industries' growing demand. But in the end, changes in construction activity resulted in less demand for sealants and adhesives, which had an impact on downstream polymer markets and weakened prices overall. The price drop was further exacerbated by decreased feedstock ammonia support as a result of fertilizer companies' decreased usage. The most important price fluctuations occurred in the USA, where a difficult pricing landscape was caused by steady declining trends brought on by low demand, less material assistance, and plenty of upstream inventory .

Q1 2024 :

Due to a number of variables, the acrylonitrile market in North America saw an increase in price in the initial part of 2024. Manufacturers of nitrile butadiene rubber saw a spike in demand after the holiday season as import prices rose due to higher US transport costs in the context of geopolitical unrest. ABS producers increased orders in the middle of the quarter, expecting the building industry to rebound as spring arrived. Production costs increased as a result of rising energy costs. Winter weather-related plant shutdowns in Texas and Louisiana had a major effect on supply levels, and a spike in the requirement for freezers and refrigerators near the quarter's conclusion contributed to price rises.

Q4 2023:

Acrylonitrile prices in the Asia-Pacific region followed a bullish trend during the Q4 of 2023. Early in the quarter, planned maintenance outage at Sumimoto Chemical Co. Ltd. in Japan disrupted supply availability. Demand surged mid-quarter owing to increased procurement from the elastomers and polymer sectors, driven by colder temperatures. Rising costs for feedstock ammonia owing to supply shortages further supported price increases. By the end of the quarter, prices stabilized as regional stock liquidation and steady utilization from acrylic fiber producers balanced the market. Despite these fluctuations, the overall trend remained upward, with modest increases observed throughout the period.

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

Latin America Acrylonitrile Price

The analysis of acrylonitrile 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.

Acrylonitrile Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Acrylonitrile Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of acrylonitrile 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 acrylonitrile at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of acrylonitrile price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing acrylonitrile 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.

Acrylonitrile Market Analysis

The global acrylonitrile market size reached US$ 11.6 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 13.5 Billion, at a projected CAGR of 1.70% during 2023-2032.

• The increasing utilization of acrylonitrile as a primary raw material to produce acrylic and modacrylic fibers is impelling the growth of the market. Acrylic and modacrylic fibers are known for their lightweight and flame-resistant properties and used for creating various home furnishings, apparel items, and carpets. They are widely employed for the manufacturing of wigs or hairpieces for humans and even dolls. Moreover, according to a report presented by the National Alopecia Areata Foundation, about 2% of individuals around the world will experience alopecia areata at some point in their lifetime. This will further encourage people to invest in high-quality wigs to boost their self-esteem.
• Apart from this, the increasing adoption of acrylonitrile in the manufacturing of fleece jumpers and faux fur details in the textile industry is propelling the market growth. People are seeking trendy and comfortable clothing to elevate their style and boost their confidence levels. As a result, manufacturers are utilizing acrylonitrile for creating jumpers, shirts, and jackets with fleece and faux fur details. The research report of IMARC Group claims that the textile market is expected to reach US$ 1,445.4 Billion by 2032, exhibiting a growth rate (CAGR) of 3.8% during 2024-2032.
• The growing employment of acrylonitrile in the production of carbon fiber is offering a favorable market outlook. Carbon fiber-reinforced composites are often adopted in the creation of spacecrafts. They are also employed in the automotive industry due to its lightweight nature, cost-effectiveness, and high strength to weight ratio. According to International Energy Agency (IEA), electric car sales exceeded 10 million in 2022 and grew strongly through 2023.
• The increasing use of acrylonitrile as a fumigant for flour milling and bakery food processing equipment and stored tobacco is supporting the market growth. The World Health Organization (WHO) stated that there are currently 1.25 billion tobacco users in the world. This is driveing the demand for tobacco and raw materials for maintaining the quality of the product.

Acrylonitrile News

The report covers the latest developments, updates, and trends impacting the global acrylonitrile market, 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 acrylonitrile production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the acrylonitrile price trend.

Latest developments in the acrylonitrile industry:

• October 2023: Trillium Renewable Chemicals announced its plans to scaleup its procedure for converting glycerol to acrylonitrile, with Zeton to create the demonstration facility.
• June 2023: INEOS Nitrile launched its first bio-attributed product line for acrylonitrile to deliver 90% decrement of greenhouse gas emissions.

Product Description

Acrylonitrile is a colorless, volatile, and flammable chemical compound primarily used in organic synthesis and polymerization processes. It can be dissolved in water and is capable of quickly evaporating. It is also soluble in ethanol, acetone, benzene, and ether.

It is often paired with carbon tetrachloride to manufacture a pesticide used to improve the yield of crops and protect them from harmful pests. It is widely utilized in the production of acrylic and modacrylic fibers. It is also a crucial component in the creation of plastics like acrylonitrile-butadiene-styrene and styrene-acrylonitrile resins. It is also employed as a fumigant and to make nitrile resins, which are necessary for beverage bottles. Acrylonitrile is used as a chemical intermediate in the production of other chemicals like acrylamide and adiponitrile.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of acrylonitrile 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 acrylonitrile 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 acrylonitrile price charts ensure our clients remain at the forefront of the industry.