Acrylonitrile Prices Trend and Forecast

North America

At the beginning of the fourth quarter, the Acrylonitrile prices trend remained firm, and prices rose marginally amid a rise in inflation and feedstock Ammonia prices during the sowing season. However, from the second month onwards, the product price trend shifted, and product prices declined due to a fall in the upstream costs. At the same time, the supply chain activities were disrupted due to the low water levels of the Mississippi and Ohio rivers, which increased the domestic inventory levels. Simultaneously, a decline in product demand from the downstream rubber and MMA producers due to reduced orders from the packaging and automotive sector reduced product offtakes. At the end of Q4, Acrylonitrile prices in the USA settled at USD 1525/MT.  

Asia

The Acrylonitrile price trend fluctuated during Q4 2022. For the first couple of months, prices increased in the Asian region. Initially, the ACN production rates remained hampered due to the limited feedstock Ammonia supplies by the Russian exporters. While during the mid-quarter, Truck strikes near the Busan port in South Korea affected the product supplies to Asian importers. However, in the final month of Q4, the price trend shifted, and prices declined because of destocking practices by the regional producers at the end of the year of South Korea and Japan amid a decline in global freight charges in the international market. At the end of Q4 2022, Acrylonitrile prices in South Korea settled at USD 1300/MT.

Europe

The Acrylonitrile price trend shifted during Q4 of 2022. For the first couple of months, prices rose amid affected production rates amid reduced feedstock production rates due to input Natural Gas Supply shortages because of an explosion at the Beixi pipeline. During the mid-quarter, an increase in the feedstock Propylene prices raised the production costs. However, in the final month of the quarter, the ACN price trend shifted, and prices declined producers by reducing their profit margins to improve product offtakes. Simultaneously cost support was reduced due to a decrease in input costs and ease in the global freight charges. At the end of the quarter, Acrylonitrile prices in the Netherlands hovered at 1461/MT.

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.

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