Acrylonitrile Prices in USA

• United States: 1265 USD/MT

The price of Acrylonitrile in United States in the market, reaching 1265 USD/MT. The latest report by IMARC Group, titled "Acrylonitrile Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of Acrylonitrile Price Trend. This report delves in globally, presenting a detailed analysis, along with an informative price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trend. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.

Acrylonitrile Prices December 2023:

• United States: 1265 USD/MT
• Japan: 1175 USD/MT
• Belgium: 1335 USD/MT

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The study delves into the factors affecting acrylonitrile price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.

The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.

Request For a Sample Copy of the Report: https://www.imarcgroup.com/acrylonitrile-pricing-report/requestsample

Acrylonitrile Price Trend- Q4 2023

The growing demand for acrylonitrile in the production of acrylonitrile-butadiene-styrene (ABS) and styrene-acrylonitrile (SAN) resins, which are essential in the automotive and electronics industries, is offering a favorable market outlook. These industries rely on ABS for its superior durability, strength, and resistance to high temperatures, making it ideal for manufacturing automotive components, consumer electronics, and household appliances.

Additionally, the increasing use of acrylonitrile in the production of carbon fiber, which is extensively used in aerospace, defense, and sports equipment due to its lightweight and high-strength properties, is contributing to the market growth. Technological advancements in the manufacturing processes of acrylonitrile are improving efficiency and reducing production costs, making it more accessible and appealing to various industries.

Furthermore, the rising focus on sustainability and the development of bio-based acrylonitrile are opening new avenues for market expansion. These bio-based alternatives are gaining traction as they reduce dependency on fossil fuels and lower the environmental impact. In addition, acrylonitrile is a crucial monomer in the production of acrylic fibers, which are widely used in the textile industry for their wool-like properties, colorfastness, and resistance to shrinking. Moreover, the shift towards energy efficiency and lightweight materials in various sectors is encouraging the adoption of acrylonitrile in composite materials. These composites are essential in the automotive and aerospace industries to improve fuel efficiency and reduce carbon emissions, aligning with sustainability goals.

Acrylonitrile prices in North America experienced a bullish trend. The initial price increase was due to limited availability of feedstock ammonia and natural gas concerns. Mid-quarter, prices rose as INVISTA in Houston declared Force Majeure, impacting production. Towards the end, tight propylene supplies and increased upstream propane usage for heating, along with low Mississippi River water levels, further drove up prices.

In the Asia-Pacific region, acrylonitrile prices remained bullish in the final quarter of 2023. Initially, Sumimoto Chemical's maintenance shutdown in Japan reduced supply. Mid-quarter, demand rose for polymers and elastomers due to winter procurement. Feedstock ammonia costs increased due to limited supplies, keeping production rates moderate. Towards the end, prices stabilized with destocking practices and moderate consumption from downstream industries. Acrylic fiber manufacturers maintained firm offtakes during winter.

In Europe, acrylonitrile prices shifted upward in the final quarter of 2023. Early in the quarter, tight supply due to INEOS Nitriles' maintenance shutdown in Germany propelled suppliers to increase prices. Mid-quarter, moderate demand-supply dynamics and stressed propylene inventories from North America affected production. The Eurozone Manufacturing PMI dropped, indicating sector contraction. By quarter's end, demand from nitrile butadiene rubber industries was low, and operating rates in Styrene Acrylonitrile and ABS industries declined.

Regional Price Analysis:

• Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
• Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
• North America: United States and Canada
• Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
• Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco

Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

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