Acetonitrile Prices, Chart, News, Index and Forecast
Key Details About the Acetonitrile:
The Acetonitrile Price Trend is experiencing growth, largely due to increasing demand from key industries such as pharmaceutics, chemicals, and biotechnology. In the pharmaceutical sector, acetonitrile is widely used as a solvent for the production of active pharmaceutical ingredients (APIs) and in high-performance liquid chromatography (HPLC), critical for drug development and quality control. As global pharmaceutical activities, particularly in developing countries, continue to expand, the demand for acetonitrile is also rising.
Furthermore, acetonitrile is crucial in the agrochemical sector for the production of pesticides and herbicides, driven by increasing agricultural activity and the need for better crop yields. The chemical industry also relies on acetonitrile for organic synthesis, including the production of acrylic fibers and plastics.
Price of Acetonitrile First Quarter 2024:
- United States: 2,334 USD/MT
- Japan: 1,484 USD/MT
- Belgium: 1,597 USD/MT
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Factors Influencing Acetonitrile Price Trend Across Regions:
Acetonitrile Price Trend in North America:
In Q1 2024, the acetonitrile market in North America saw a price rise due to strong demand and limited inventories. Higher costs of raw materials, such as acetic acid and ammonia, further drove up prices. Supply chain issues, including export challenges, rising shipping expenses, and delayed deliveries, also contributed to the price increase. The shutdown of feedstock plants, like Celanese Corporation’s acetic acid facility, worsened the supply situation, particularly affecting downstream industries. Weather-related disruptions, such as concerns over shipping on the Mississippi River, added further pressure to prices.
Acetonitrile Price Trend in Asia-Pacific (APAC):
During the same period, the APAC region saw fluctuating prices. Initial price drops were caused by weakened demand and global supply chain disruptions. However, by mid-quarter, demand from downstream sectors like pharmaceuticals and extraction began to recover, stabilizing the market. Lower feedstock prices for acetic acid improved production capacity. Plant closures, such as Asahi Kasei Corporation’s in March, tightened supply, adding to the constraints amidst steady inquiries from European markets.
Acetonitrile Price Trend in Europe:
In Europe, Q1 2024 brought a mix of stability and disruption. Strong demand from the pharmaceutical sector helped maintain stable prices, despite global shipping challenges, including logistics issues in the Red Sea region that increased transportation costs. While Belgium experienced price drops due to high inventories and weaker demand, by February, increased demand and currency fluctuations drove prices back up. Local events, such as farmer protests in Antwerp that blocked roads and delayed shipments, also contributed to supply chain inefficiencies, keeping prices elevated throughout the quarter.
