Acrylonitrile Prices, Pricing, Demand & Supply
North America
The Acrylonitrile price trend showcased bullish movement during the fourth quarter of 2023, and prices rose by almost 12% compared to the previous quarter. Initially, prices rose amid stressed availability of feedstock Ammonia as production rates were affected by the limited supplies of upstream Natural Gas amid the fears around the availability of stocks during winter because of the crisis between Israel and Gaza.
During the mid-quarter, prices rose as INVISTA, in Houston Texas, with a feedstock Propylene production capacity of 54833 TPM, went for Force Majeure during November 2023 and affected the production rates of the product. Meanwhile, product stocking practices were firm from the regional buyers, which declined slightly before the Thanksgiving holiday and Black Friday sales as domestic retailers were preparing for the holidays.
Towards the end of the quarter, the stressed availability of Propylene inventories amid tight supplies amid increased consumption of upstream Propane for heating purposes during winter raised the cost support. Furthermore, the low water levels of the Mississippi River affected the supply rates in the market. At the end of the final quarter of 2023, Acrylonitrile Prices FOB Texas in the USA hovered at USD 1270/MT.
Asia
Like the North American region, the Acrylonitrile price trend remained bullish in the Asia-Pacific region in the final quarter of 2023. Initially, Sumimoto Chemical Co. Ltd., in Japan, with an Acrylonitrile production capacity of 5833 TPM, went under maintenance shutdown during the 1st half of October 2023 and affected the availability of supplies in the market. During the mid-quarter, demand increased for end products from the Polymer and elastomers industries due to an increase in product procurement activities with the arrival of winter and declining temperature in the Northern Hemisphere. Meanwhile, cost support escalated on feedstock Ammonia due to the lack of supplies amid reduced production rates, and production rates remained moderate in the region. Towards the end of Q4, the price trend remained stable amid the destocking practices by the regional and moderate consumption rates from the downstream Nitrile Butadiene and ABS industries. Furthermore, the offtakes were firm from the Acrylic Fibre manufacturers during winter. At the end of Q4 2023, prices witnessed an overall increase of almost 4%, and Acrylonitrile FOB Osaka in Japan hovered at USD 1180/MT.
Get Real Time Prices Of Acrylonitrile Price:- https://www.chemanalyst.com/Pr....icing-data/acrylonit
Europe
The Acrylonitrile price trend shifted movement in the European region during the final quarter of the year. At the beginning of the quarter, the availability of supplies was tight in the market as Ineos Nitriles in Cologne, Germany, with an Acrylonitrile production capacity of 26667 TPM, was under maintenance shutdown during October 2023. The suppliers raised their quotations. In the mid-quarter, demand-supply dynamics remained moderate in the region. The stressed availability of Propylene inventories amid tight supplies from North American exporters amid maintenance activities at Propylene dehydrogenation units impacted the production rates. The Eurozone Manufacturing Purchasing Manager's Index also dropped throughout the quarter, indicating a contraction in the manufacturing sector activities. Consequently, towards the end of Q4, the demand remained low from Nitrile Butadiene Rubber Industries due to cautious buying activities from buyers. Simultaneously, operating rates declined in the Styrene Acrylonitrile and ABS industries. Overall, the prices witnessed an increase of almost 2.5%, and Acrylonitrile FD Antwerp in Belgium assembled at USD 1340/MT at the end of the quarter.
About Us:-
ChemAnalyst is an online platform offering a comprehensive range of market analysis and pricing services, as well as up-to-date news and deals from the chemical and petrochemical industry, globally.
Being awarded ‘The Product Innovator of the Year, 2023’, ChemAnalyst is an indispensable tool for navigating the risks of today's ever-changing chemicals market.
The platform helps companies strategize and formulate their chemical procurement by tracking real time prices of more than 400 chemicals in more than 25 countries.
ChemAnalyst also provides market analysis for more than 1000 chemical commodities covering multifaceted parameters including Production, Demand, Supply, Plant Operating Rate, Imports, Exports, and much more. The users will not only be able to analyse historical data but will also get to inspect detailed forecasts for upto 10 years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.
