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Acetonitrile Prices Overview

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Market Overview

Quarterly Update on Global Acetonitrile Market

For the Quarter Ending December 2020

Asia-Pacific (APAC)

Asia pacific is the largest producer of Acetonitrile, holding more than 50% of the total market share in terms of production and leading in terms of consumption. The regional supply remained tight due to planned and unplanned turnarounds and reduction in the supply from the northeast Asian region in October. Tight supply and robust demand drove the product realizations in India with the elevation likely to sustain even in Q1 2021. Firming raw material further triggered an upward push in the pricing curve which was averaged around USD 4650 per tonne for pharma-grade Acetonitrile in India.

Europe

The Q4 turned out to be largely tight in terms of Acetonitrile supply as major pharmaceuticals industries across Europe faced shortage in the graded Acetonitrile supply, while the agrochemical sector sought supplies from the overseas to deal with the material shortage. The quarter observed unexpected turnarounds by major Acetonitrile producers in response to the second lockdown imposed due to new COVID variant. Sentiments were bolstered towards the end of the quarter as the news of construction of Nouryon and INEOS nitriles’ new Acrylonitrile and Acetonitrile unit in Germany is in its final construction phase and is expected to be fully operational in FY 2021-2022.

North America

The supply of Acetonitrile in the Americas remained tight as major players announced turnaround during the first half of the 4th quarter, while some key players announced force majeures triggering low production of upstream Acrylonitrile which led to decrement into the production of Acetonitrile. Buyers turned active for the procurement of product, but persistent tightness made it tough to strike bulk deals. Buoyant demand and firming upstream rates increased the price of Acetonitrile across the US market. Some petrochemical producers turned optimistic after Joe Biden emerged victorious from the US presidential elections which escalated the expectations of several industrialists regarding smoothening of US-China relationship and bilateral trade.

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Services

Market Analysis

Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Acetonitrile is calculated considering the production, import, export and inventory-levels on the country and regional level markets.

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Pricing Analysis

The product price is correlated with the price trend of crude oil, demand-supply gap, fluctuations in the feedstock and with the market movement of the downstream sectors.

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Company Profile

Basic details and information on financial performance of leading global players in the Acetonitrile market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.

News & Deals

Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.

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Methodology

ChemAnalyst gathers information through primary research surveys conducted with various Acetonitrile manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.

Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Acetonitrile market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.

Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.

Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Acetonitrile market.

Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, suppliers, traders and importers and customers on monthly and yearly basis.

Finally, region-specific markets for Acetonitrile are analyzed and region-wise demand pattern is tracked.

About

Acetonitrile is the simplest organic nitriles, and commonly known as cyanomethane, methyl cyanide, ethyl nitrile, methane-carbo-nitrile, etc. It is a clear, colorless liquid with a sweet, ethereal odor. It is used as a polar aprotic solvent used in organic synthesis and in purification of butadiene. Acetonitrile is obtained as a by-product with Acrylonitrile during distillation by the catalytic ammoxidation reaction of Propylene and Isobutene with ammonia and molecular oxygen. Its biggest end-user is the pharmaceuticals industry wherein it is used to synthesis certain vitamins, amino acid, cortisone, etc. and in the production of insulin, antibiotics and for DNA synthesis. The second largest consumer of acetonitrile is the Analytical Industry for applications of HPLC (High Performance Liquid Chromatography).

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Acetonitrile Prices Overview