For the Quarter Ending March 2025
North America
In Q1 2025, the Acrylonitrile market in North America experienced significant price fluctuations due to a combination of supply disruptions, trade uncertainties, and steady demand from downstream industries. The quarter began with positive momentum, driven by modest expansion in the U.S. manufacturing sector and increased business confidence. Acrylonitrile production remained stable, supported by rising demand from the automotive industry, which saw an increase in vehicle sales.
However, the market faced volatility in the mid-quarter, largely due to supply chain disruptions and geopolitical factors. Propylene production encountered challenges as the Arctic blast led to increased demand for heating and "freeze-offs" that disrupted supply. These issues, combined with strained feedstock availability, caused upward pressure on Acrylonitrile prices.
Towards the end of the quarter, the market experienced further disruptions, including Arctic blast effects, port congestion, and tariff-related trade issues. Despite these challenges, demand from downstream industries remained steady, particularly in the automotive sector, which benefited from growing electric vehicle sales. Meanwhile, the construction sector experienced limited growth due to rising costs and labor shortages, which dampened demand in ABS industries.
APAC
During the first quarter of 2025, the Acrylonitrile market in Asia experienced considerable price volatility, driven by fluctuating feedstock costs, uneven demand from downstream industries, and ongoing supply chain disruptions. The quarter kicked off with a bullish trend in January, with prices rising by 1.6% as market participants anticipated higher demand before the Lunar New Year holidays. However, key sectors such as automotive and construction showed weak demand and feedstock costs remained stable. In February, Acrylonitrile prices continued to fluctuate moderately, with slight increases supported by stable production and improved feedstock availability. Despite a decline in South Korea’s domestic demand and exports, regional price pressures persisted, largely due to geopolitical tensions affecting crude oil supply. As the quarter progressed, prices leveled off, reflecting a balanced market, but the demand remained weak, particularly in industries like Nitrile Butadiene Rubber (NBR) and ABS. By late February, prices began to trend downward, driven by a reduction in production costs, particularly from feedstock Propylene, and sluggish demand from downstream industries. In March, prices continued to decline, dropping by nearly 4%, as market activity slowed, and inventories increased. Overall, Q1 2025 saw fluctuating price trends for Acrylonitrile, marked by an unstable market influenced by changing demand, fluctuating feedstock costs, and supply chain constraints.
Europe
The Acrylonitrile market in Europe displayed a mixed trend throughout Q1 2025, characterized by both upward and downward movements. Early in the quarter, the market remained volatile due to supply disruptions and moderate availability of feedstocks to produce the product. While Acrylonitrile production remained steady, factors such as high inflation, rising material costs, and geopolitical tensions influenced demand negatively. However, in the second half of the quarter, prices began to rise, driven by supply constraints, particularly from North America, and increasing feedstock costs. Additional disruptions at European ports and labor strikes further strained the supply chain, pushing prices higher. As the quarter moved into March, the market stabilized somewhat, with steady demand from the automotive sector, although the construction market, especially in Germany and France, continued to contract. Some growth in Italy’s construction sector offered a glimmer of optimism, but ongoing geopolitical uncertainties and tariff concerns kept the pricing environment volatile, leading to an overall mixed trend for Acrylonitrile in Europe.
For the Quarter Ending December 2024
North America
In the fourth quarter of 2024, Acrylonitrile prices experienced a 2% decrease compared to the previous quarter. Production remained stable, supported by moderate feedstock Ammonia availability. However, the decline in Propylene prices and lower demand from the fertilizer sector reduced cost support for Acrylonitrile production.
Demand varied across sectors. The automotive industry maintained steady demand due to increased vehicle sales, especially for Nitrile Butadiene Rubber (NBR) applications. On the other hand, the construction sector showed weaker demand, as orders from ABS and SAN manufacturers were sluggish, impacting Acrylonitrile consumption.
Export activity weakened, particularly in Europe and Australia, as global demand softened. The U.S. manufacturing sector continued to face challenges, contributing to reduced demand for Acrylonitrile. Additionally, supply chain disruptions and a drop in export orders further pressured the market. Despite stable production, these factors led to a 2% decrease in Acrylonitrile prices from the previous quarter. The automotive sector's stable demand helped mitigate some of the losses, but overall market conditions were influenced by softer global demand and cost pressures from reduced feedstock costs.
APAC
In the fourth quarter of 2024, Acrylonitrile prices remained stable compared to the previous quarter. Production rates were moderate, supported by steady feedstock availability, though feedstock Propylene prices fluctuated due to varying demand from downstream industries and rising energy costs. The demand for Acrylonitrile in the construction sector remained strong, driven by increased activity in building projects. However, the automotive sector saw a decline in vehicle sales, which led to weaker demand for synthetic rubbers. Exports from Japan showed modest growth, particularly in the construction sector, although global demand softened in regions like Europe and Australia towards the end of the quarter. Cost pressures were mixed, with feedstock Ammonia costs easing due to low fertilizer demand, but higher Propylene prices offset this due to increased heating demand. The paints and coatings industry also saw steady demand, particularly driven by expansion in Asia. Despite supply chain disruptions, including those caused by Typhoon Kong-Rey, Acrylonitrile prices held steady throughout the quarter. This stability was supported by balanced supply and demand dynamics across key sectors, despite some regional and sector-specific variations in demand.
Europe
Throughout the fourth quarter of 2024, Acrylonitrile prices experienced a continuous decline, dropping by 9% compared to the previous quarter. This downtrend was primarily driven by weaker demand across key sectors, including automotive and construction, amid broader economic challenges. In October, Acrylonitrile prices began to decrease as export rates were low, and domestic demand remained subdued. The production rates were steady, supported by moderate feedstock availability, but with sluggish offtakes from downstream industries, particularly in the construction sector. Economic uncertainties and rising inflation in the Eurozone contributed to further reduced demand for Acrylonitrile in ABS and SAN production. The decline continued into November, as weaker consumption persisted, especially in the construction industry, which was hampered by political instability and high borrowing costs. The automotive sector showed mixed trends, with slightly increased registrations, but the overall demand for Acrylonitrile from Nitrile Butadiene Rubber producers remained low. Export volumes remained depressed, and logistical disruptions, particularly in major European ports, added to the market's challenges. In December, Acrylonitrile prices continued to fall, influenced by a drop in car registrations in Germany and continued slowdowns in housing activity. Supply chain issues and sluggish demand in both construction and automotive sectors contributed to the overall downward price trajectory for the quarter. By December, the Acrylonitrile price had fallen to its lowest point of the quarter, reflecting ongoing economic pressures and low demand.
For the Quarter Ending September 2024
North America
In Q3 2024, the Acrylonitrile price trend oscillated in the North American region, showcasing moderate sentiments in the market. At the beginning of the quarter, Acrylonitrile prices decreased amid reduced demand for end-use polymers in the construction and manufacturing sectors.
In the middle of the third quarter, market players raised their Acrylonitrile quotations. This upturn was primarily influenced by factors such as limited supplies of feedstock Ammonia, escalated natural gas prices impacting production, and stable yet moderate demand from various industries. These factors led to constrained operating rates at manufacturing units, contributing to a bullish market sentiment. Consequently, the second half of the quarter witnessed a 4% price increment compared to the first half, indicating a strengthening market.
Towards the end of Q3, improved availability of Crude Oil in the international market and increased refinery operations resulted in firm availability of feedstocks and negatively impacted the Acrylonitrile production costs. At the same time, the impact of Hurricane Helene resulted in reduced consumption from downstream industries and an increase in domestic stockpiles due to affected supply chain activities. The market players negatively revised their quotations and overall, the Acrylonitrile prices witnessed a 5% decline in Q3 2024 from the previous quarter. Conclusively, the quarter-ending price for Acrylonitrile FOB Texas quotations in the USA stood at USD 1415/MT.
APAC
In Q3 2024, the Acrylonitrile market in the APAC region saw a pronounced bearish trend, marked by a steady decline in prices due to ongoing oversupply and weak demand conditions. This downward trend was influenced by several key factors. The sluggish demand from downstream industries, like automotive and construction, placed significant downward pressure on prices. Seasonal factors, including the monsoon and typhoon seasons, adversely affected regional construction activities, leading to decreased consumption of polymer materials such as ABS and rubbers like Nitrile Butadiene Rubber and Styrene Acrylonitrile Rubber used in construction. As a result, orders for Acrylonitrile from SAN and NBR manufacturers fell, exacerbated by high inventory levels stemming from the oversupply. Additionally, the market faced diminishing cost support from feedstock Propylene and Ammonia, driven by lower upstream crude oil prices and decreased fertilizer demand, further worsening the price decline. Overall, Acrylonitrile prices dropped by 5% in Q3 2024 compared to the previous quarter, concluding with CFR Qingdao prices at USD 1155/MT in China.
Europe
The Acrylonitrile prices shifted from the previous quarter's movement during the third quarter of 2024, and the European market experienced a predominantly negative pricing environment driven by a confluence of factors predominantly affecting market dynamics. Throughout the quarter, the sluggish demand from downstream sectors, particularly within the automotive and construction sectors, exerted downward pressure on prices. The Eurozone's construction sector continued its downturn, significantly impacting Acrylonitrile consumption. Additionally, the manufacturing sector faced challenges, with the Eurozone Manufacturing PMI indicating declining new orders and rising costs, further dampening demand. Supply-side dynamics also played a role, as supply availability improved post-summer holidays, yet demand failed to match this increase, exacerbating inventory levels. Seasonality also played a role as summer holidays, coupled with labor deficits and constrained production rates, kept market sentiment bearish. Despite no reported plant shutdowns, operational rates were closely monitored to manage the surplus supply. The latter half of the quarter saw a steeper decline of 8% compared to the first half, highlighting the intensified market pressures as the quarter progressed. Conclusively, the quarter-ending price of Acrylonitrile FD Hamburg in Germany settled at USD 1250/MT, after an overall 6% drop from the last quarter's prices and the negative pricing environment prevailed throughout Q3 2024.
For the Quarter Ending June 2024
North America
In the second quarter of 2024, the North American Acrylonitrile market saw a decline in prices during the latter half. This downturn was driven by several factors that collectively pressured the market downward. Initially, prices remained stable due to increased orders from ABS industries and a relatively optimistic construction sector, despite slower growth. However, shifts in demand within the construction industry led to a decrease in demand from the adhesives and sealants sectors. This was largely due to a sluggish construction industry and reduced consumption by polymer manufacturers, which significantly impacted pricing.
Additionally, decreased support from feedstock Ammonia—caused by a downturn in orders and consumption by fertilizer producers—further contributed to the falling Acrylonitrile prices. In the USA, where the most substantial price changes occurred, the overall trend was notably negative. Prices decreased by 2% compared to the same quarter last year and fell by 7% from the previous quarter in 2024, highlighting a consistent decline throughout the year. A comparison between the first and second halves of the quarter revealed a significant 6% decrease.
The quarter-end price of USD 1280/MT for Acrylonitrile delivered to Houston reflects this ongoing downward trend. In summary, the Q2 2024 pricing environment for Acrylonitrile in North America, particularly in the USA, was largely negative due to subdued demand, decreased feedstock cost support, and excess upstream supplies.
APAC
In Q2 2024, Acrylonitrile prices in the APAC region remained stable, supported by balanced demand and supply dynamics and moderate manufacturing capacities. The market was influenced by steady demand from downstream industries such as automotive and manufacturing, particularly for Nitrile Butadiene Rubber and ABS. Although feedstock prices for Propylene and Ammonia fluctuated due to geopolitical tensions and seasonal demand shifts, these changes had a limited impact on Acrylonitrile prices, thanks to stable production costs and improved supply chain logistics, especially in ocean freight.
In Japan, the most notable price changes within the APAC region were observed. The market showed stability, driven by strong demand from the automotive sector and steady manufacturing activities. Seasonal factors had a minor effect, and the market adjusted to external economic variables like energy costs and raw material availability. Acrylonitrile prices in Japan increased by 8% compared to the same quarter last year, indicating a positive market adjustment. However, prices rose only 4% from the previous quarter in 2024, reflecting a stable and cautiously optimistic sentiment. There was no significant price change between the first and second halves of the quarter, maintaining a steady 0% difference. The quarter ended with Acrylonitrile FOB Osaka prices at USD 1220/MT, highlighting a stable pricing environment that aids in predictability and strategic planning for the coming quarters.
Europe
In Q2 2024, Acrylonitrile prices rose significantly due to several key factors in the European region. Limited feedstock Ammonia and Propylene availability, combined with higher production costs from rising Natural Gas prices, constrained supply. Supply chain disruptions and logistical challenges further tightened the market, creating stock shortages. Meanwhile, steady demand from downstream industries, particularly Nitrile Butadiene Rubber (NBR) and Acrylonitrile Butadiene Styrene (ABS) manufacturers, helped maintain a strong pull-on supply despite broader economic uncertainties. In Germany, where price fluctuations were most pronounced, the Acrylonitrile market showed a bullish trend. Prices for Acrylonitrile FD Hamburg increased by 10% from the previous quarter, driven by higher automotive production and sustained construction sector demand. Seasonal factors also contributed, with increased consumption of acrylonitrile-based adhesives and sealants in the real estate sector. The price comparison between the first and second halves of the quarter revealed a 5% increase, indicating a tightening market. Year-on-year, Acrylonitrile prices surged by 9% compared to Q2 2023. The quarter ended with Acrylonitrile FD Hamburg prices at USD 1465/MT, reflecting a positive pricing environment influenced by supply-demand dynamics and higher production costs.
