Following severe drop in the demand in Q2, amidst stalling automotive industry, a substantial recovery in the product demand was observed at the beginning of Q3. Though Group II demand was flat for most of the quarter, the demand of other base stock saw a firmed demand. Supply in September was tighter due to shortage in import from North America as an after of Hurricanes in the Gulf Coast. The demand for heavier grades was on a higher side compared to lighter grades. Output was increased by some blending units, as import disruption and maintenance is curbed by domestic supply to keep the market supported.
ChemAnalyst addresses the key problematic areas and risks associated with chemical 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 Base Oil are analyzed and region-wise demand pattern is tracked.
Base oil is the main component in the production of lubricants including greases, motor oil and processing fluids. They constitute around 90 percent in lubricants. The American Petroleum Institute (API) has categorized base oils into five categories. Group I, II and III are refined from crude. Group IV is based on polyalphaolefins base oils and are known as synthetic and remaining all are classified as group V. Group I Base Oils are solvent refined and contain high sulphur content and thus are the cheapest base oils in the market, Group II are widely used Base Oils in the market due to better antioxidant properties and are priced closed to Group I. Though made from crude oil, Group III Base Oils are sometimes known as synthesized due to severe hydrocracked process these are made to go through. The longer process is designed to achieve purer base oil. Group IV are made through process called synthesizing and have a broader temperature range and are used in extreme conditions. Group IV Base Oils are costlier than other three due to its increased properties. Group V Base Oils are all other Base Oils which include silicones, phosphate esters, polyalkylene glycol, polyester, biolubes, etc.
