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.
ChemAnalyst addresses the key problematic areas and risks associated with chemical, petroleum and petrochemical business globally and enables the decision-maker to make smart choices. It identifies and analyses factors such as geopolitical risks, environmental risks, raw material availability, supply chain functionality, disruption in technology and so on. It targets market volatility and ensures clients navigate through challenges and pitfalls in an efficient and agile manner. Timeliness and accuracy of data has been the core competency of ChemAnalyst, benefitting domestic as well as global industry in tuning in to the real-time data points to execute multi-billion-dollar projects globally.
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 Acrylonitrile is calculated considering the production, import, export and inventory-levels on the country and regional level markets.
Acrylonitrile price is correlated with the price trend of crude oil, demand-supply gap, Propylene and with movement across the downstream derivatives such as acrylonitrile-butadiene-styrene (ABS), styrene-acrylonitrile (SAN) etc.
Basic details and information on financial performance of leading global players in the Acrylonitrile 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.
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.
Finally, region-specific markets for Acetonitrile are analyzed and region-wise demand pattern is tracked.
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).