In the first quarter of 2023, the price trend of acetonitrile was negative across the regional markets due to weak market dynamics, reduced demand, and declining feedstock prices. In Asia, volatility in upstream markets and reduced exports from China further contributed to the price decline. In Europe, falling feedstock prices, decreasing imports, and rising inventories affected prices negatively. North America faced rising stockpiles and reduced demand in the first quarter, leading to production cost cuts. However, the second quarter showed improvement in demand, inquiries, and consumer outlook, resulting in a positive price trend for acetonitrile.
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Definition
Acetonitrile is a colorless, volatile liquid organic compound with the chemical formula CH3CN. It is a versatile solvent widely used in various industries, including pharmaceuticals, chemical synthesis, and analytical laboratories. Acetonitrile has a distinctive odor and is miscible with water and many organic solvents. Its key properties include a relatively high boiling point, low viscosity, and excellent solvent power, making it efficient for dissolving polar and non-polar substances. Moreover, it exhibits good stability and is relatively non-reactive under standard conditions. However, caution is required during handling and storage, as acetonitrile is flammable and toxic when ingested or inhaled.
Key Details About the Acetonitrile Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Acetonitrile in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Acetonitrile Price chart, including India Acetonitrile price, USA Acetonitrile price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Acetonitrile Price Trend:
Acetonitrile is widely used in various industrial applications due to its versatile properties as a solvent and chemical intermediate. In the pharmaceutical industry, it serves as a crucial solvent for the synthesis of pharmaceutical products and in purification processes. Acetonitrile is a common solvent in analytical chemistry techniques, such as high-performance liquid chromatography (HPLC) and gas chromatography (GC), aiding in the separation and analysis of compounds. It finds application in the production of specialty chemicals, agrochemicals, and fine chemicals. Additionally, acetonitrile is utilized in the manufacturing of plastics, fibers, and resins. Its efficient solvency and compatibility with diverse substances make it an essential component in many industrial processes.
Key Players:
- Achemica
- GFS Inc
- Filo Chemical
- NeuChemical
- Continental Industries Group
- Sterling Chemicals
- DuPont
- CNPC Jilin Chemical
- BP Chemicals
- AlzChem AG
News and Recent Development:
India’s Balaji Amines to start up 40,000 tonne/year methyl amines plant by Mar ’24: The company is also constructing a 15,000 tonne/year acetonitrile factory and a 30,000 tonne/year dimethyl formamide facility in addition to the methyl amines and n-butylamines plants. (Dated: 9 February 2023)
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