Article -> Article Details
| Title | Acrylonitrile Price Trends Reflect Supply & Demand Shifts |
|---|---|
| Category | Business --> Chemicals |
| Meta Keywords | Acrylonitrile Prices |
| Owner | stephenthomas |
| Description | |
| North America Acrylonitrile Prices Movement Q3: In September 2024, acrylonitrile prices in the United States experienced significant fluctuations, driven by a combination of factors. Initially, weak acrylonitrile demand from key sectors such as construction dampened market activity, keeping prices subdued. However, as the quarter progressed, feedstock shortages and rising natural gas prices began to impact production costs, leading to a mid-quarter price increase. Towards the end of the quarter, prices softened again as supply conditions improved, though storm-related disruptions in key production areas added a layer of volatility to the market. These dynamic forces resulted in a pricing trend characterized by both upward and downward shifts, as the market slowly stabilized amidst ongoing challenges. APAC Acrylonitrile Prices Movement Q3: Acrylonitrile Prices in China: In September 2024, acrylonitrile prices in China saw a significant decline, dropping to 1,100 USD/MT, as the market struggled with oversupply and weak demand from critical sectors like construction and automotive. The construction industry, a major consumer of acrylonitrile derivatives like ABS and NBR, faced further setbacks due to adverse seasonal weather conditions, which dampened activity. The oversupply was exacerbated by high inventory levels and falling feedstock costs, which contributed to the downward pressure on prices. This combination of factors created a sluggish market, with price reductions reflecting the overall lack of demand and the challenging market conditions throughout the quarter. Europe Acrylonitrile Prices Movement Q3: Acrylonitrile Prices in Germany: In September 2024, acrylonitrile prices in Germany dropped to 1,200 USD/MT, reflecting a general decline throughout the quarter. This downward trend was largely driven by reduced demand from key sectors such as construction and automotive, which decreased the need for acrylonitrile-based products. Despite improvements in supply conditions after the summer months, high inventory levels resulted in an oversupply in the market, further exerting downward pressure on prices. Seasonal factors, including the summer holiday period, and rising operational costs for producers also contributed to the bearish market sentiment, making it a challenging quarter for both suppliers and producers in Germany. How the IMARC Pricing Database Can Help The latest IMARC Group study, “Acrylonitrile Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2024 Edition,” presents a detailed analysis of Acrylonitrile price trend, offering key insights into global Acrylonitrile market dynamics. This report includes comprehensive price charts, which trace historical data and highlight major shifts in the market. The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Acrylonitrile demand, illustrating how consumer behavior and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the price report uncovers critical factors influencing current and future prices. Unlock Real-Time Acrylonitrile Price Trends Today: https://www.imarcgroup.com/acrylonitrile-pricing-report About Us: IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include a thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape, and benchmarking analyses, pricing and cost research, and procurement research. Contact us: | |