2-propenenitrile Price Trend and Forecast
Get the latest insights on price movement and trend analysis of 2-propenenitrile in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
2-Propenenitrile Price Trend for the Year 2024
North America
In North America, 2-propenenitrile prices showed volatility throughout 2024. The year began with an upward trend in Q1, driven by increased orders from rubber manufacturers and rising freight charges due to geopolitical tensions. Mid-year saw a reversal as prices fell in Q2 due to sluggish construction activity and reduced demand from adhesives sectors. Q3 brought fluctuating prices before ultimately declining as Hurricane Helene disrupted supply chains.
2-Propenenitrile Price Chart
Please Login or Subscribe to Access the 2-Propenenitrile Price Chart Data
The year concluded with a modest price decrease in Q4, influenced by stable production but weakened demand, though automotive applications provided some support.
Asia Pacific
The Asia Pacific 2-propenenitrile market displayed mixed performance in 2024. Q1 witnessed initial price declines due to low offtakes from rubber producers, followed by increases driven by tight propylene availability. The market stabilized in Q2, supported by balanced demand-supply dynamics and steady automotive consumption. Q3 brought a bearish trend as prices declined due to oversupply and weak downstream demand, worsened by seasonal factors limiting construction activities. The year ended with stability in Q4 as balanced dynamics offset regional variations, despite Typhoon Kong-Rey causing some supply disruptions.
Europe
European 2-propenenitrile prices experienced significant swings in 2024. Q1 began weakly before turning upward due to elevated energy costs and increased automotive demand. Q2 saw substantial increases driven by limited feedstock availability, rising natural gas costs, and logistical challenges. However, the market reversed in Q3, with prices declining due to sluggish demand and inventory buildup. This downward trend intensified in Q4, resulting in a significant price decrease as economic uncertainties, inflation, and political instability further weakened demand across key sectors.
Future Outlook
According to Procurement Resource, the 2-propenenitrile market is expected to remain sensitive to regional economic conditions and feedstock costs. Recovery might begin after few months, though supply chain challenges and geopolitical tensions will likely continue influencing price volatility.
2-Propenenitrile (Acrylonitrile) Price Trend for the Second Half of 2023
Asia
The Asian 2-propenenitrile market showed varied performance across the region during the second half of 2023. In China, the market started on a positive note in July with steady demand, followed by a moderate price increase in August. However, September witnessed a significant downturn as manufacturing activity slowed. Indian markets maintained relatively stable pricing throughout the period with minor fluctuations, reflecting balanced supply-demand dynamics.
The downstream textile and automotive sectors provided consistent demand, though not strong enough to drive significant price movements. Southeast Asian markets aligned closely with Chinese trends but experienced less volatility overall.
Europe
European 2-propenenitrile markets faced downward pressure throughout H2'23. The third quarter began with sluggish demand as manufacturing activity decreased during the summer months. Although there was a brief recovery in August, the market failed to sustain momentum heading into Q4. Elevated energy costs continued to squeeze producer margins despite some relief from declining feedstock prices.
Western European manufacturers reduced production rates in response to weakening demand, particularly from the construction and automotive sectors. By December, the market had registered a noticeable decline from July levels as holiday season slowdowns further dampened industrial activity.
North America
The North American 2-propenenitrile market exhibited mixed trends during H2'23. The third quarter started with oversupplied inventories putting downward pressure on prices. However, as downstream demand from acrylic fibre and ABS resin producers improved midway through the quarter, the market stabilized.
The fourth quarter brought renewed challenges as industrial activity declined during the holiday season, causing prices to trend lower. Production rates were adjusted accordingly, with some facilities implementing temporary reductions to balance supply with diminishing demand. Overall, the market finished the year on a softer note despite periods of stability in the third quarter.
Future Outlook
According to Procurement Resource, the 2-propenenitrile market is expected to remain volatile in the coming months with regional variations continuing. While Asian markets, particularly China, show potential for recovery, European and North American markets face ongoing uncertainty due to economic concerns and seasonal demand fluctuations.
2-Propenenitrile Price Trend for the First Half of 2023
Asia
In Asia, the prices of 2-Propenenitrile followed a downward trajectory as the demand from the acrylates, rubber, and elastomer sectors decreased significantly, and as a result, the level of inventories rose in the first half of the first quarter. In the subsequent months of the first quarter and throughout the second quarter, the market of 2-Propenenitrile struggled to maintain its momentum.
The mid-phase of the first quarter saw a slight rise in demand for 2-Propenenitrile from retail industries and limited availability of the product, but soon enough, production countered this problem, and the prices again began to decline. In addition to this, the support from the feedstock materials was also feeble, and with the oscillating trend in crude oil prices, the 2-Propenenitrile market plummeted in H1’23.
Europe
A fluctuating trend in the prices of 2-Propenenitrile was observed in the European region. The prices suffered from the shaky demand from the acrylates and rubber industries and gradually falling feedstock prices. In addition to this, the fertilizers sector and the reduction in natural gas prices led to a reduction in the costs of production.
However, in the middle months of the first quarter, the prices surged significantly because of the restricted supply of feedstock propylene from Russia. In certain areas, the manufacturing plants underwent temporary shutdown, which again had a negative impact on the product’s availability in the market and supported the stable movement of prices in the second quarter too.
North America
In the initial phase of the first quarter, the prices declined in the North American region. The factor which majorly affected this trend was the steep decline in the demand for the commodity from the downstream industries such as rubber and elastomers.
In the latter half of the first quarter of 2023 and throughout the second quarter, the prices struggled to maintain their momentum amid stagnant suppl-demand statistics and increasing volatility of crude oil prices, which finally resulted in the stability in the 2-Propenenitrile market at the end of the second quarter.
Analyst Insight
According to Procurement Resource, the price of 2-propenenitrile is estimated to showcase an oscillating trend in the upcoming quarter as the global market is still recovering from the low demand from the downstream industries and volatility in the feedstock market.
2-Propenenitrile Price Trend for the Second Half of 2022
Asia
2-Propenenitrile (acrylonitrile) performed very poorly in the Asian market in H2 2022. The declining feedstock ammonia and propylene prices decline amidst feeble demand from the downstream ABS rubber industries further aided this price. Export resumption from China was the major reason for supply opulence, especially in Asia. Inventory stocks were already full and downstream demands stayed at record lows. So ample supply amid bad purchasing activities led to the declining price trend for 2-Propenenitrile.
Europe
For Europe, H2 2022 started with high-riding price trend of 2-Propenenitrile. The economic crisis unveiled by Russia-Ukraine gave rise to runaway inflation. These high values deeply impacted the petrochemical industries. The acrylonitrile prices increased given the high demand amid already constricted supplies. But as Q4 approached, though ammonia and propylene availability were still not sufficient, the market demand dropped drastically. Bearish demands started pulling the price curve down, so the year ended with lowered prices for 2-Propenenitrile.
North America
The US domestic market closely mimicked the price trend of the Asian market. The diminished offtakes from the market remained the major driving factor for 2-Propenenitrile prices. The reduced inquiries from the downstream rubber and polymer industries amid sufficient supplies caused the prices to decline.
Analyst Insight
According to Procurement Resource, the price trend for 2-Propenenitrile are expected to remain fluctuating in the coming quarter. As the supply chains are being normalised, consumer demand amid rising inflation will remain the crucial determining factor.
2-propenenitrile Price Trend For the First Half of 2022
Asia
During the first quarter, the price trend for 2-Propenenitrile registered an oscillating pattern. Due to the heightened oil and freight charges, feedstock propylene and ammonia prices soared. The cost of feedstock propylene averaged 1027-1073 FOB Busan. However, due to the supply-demand mismatch, the market prices kept fluctuating.
However, the prices weakened in the second quarter for several reasons. After the upliftment of covid restrictions, the run rate of refineries increased; thus, the production of naphtha as a by-product increased, leading to the prices dropping. Amidst the lowered upstream costs and the rising freight charges, the prices of 2-Propenenitrile kept stable and averaged 1780 USD/MT CFR Qingdao.
Europe
Owing to the robust downstream demand for Acrylonitrile butadiene styrene (ABS) in the European market and the supply-side shortages, the prices of 2-Propenenitrile remained strong throughout the first quarter. The feedstock ammonia and propylene prices averaged 919-988 US/MT (Baltic) and 1370 USD/MT FOB Germany, respectively. In the second quarter, the prices began to decrease as the supply-side constraints relaxed. The price of 2-Propenenitrile averaged 1985 USD/MT FD Rotterdam towards the end of the second quarter.
North America
The US domestic market registered the same global price trend for 2-Propenenitrile. The prices soared during the first quarter but stabilized during the second. In the second quarter, the great production and stockpiles of feedstock ammonia increased, which decreased the upstream costs, whose effects were also felt in the downstream sectors.
Procurement Resource provides latest prices of 2-Propenenitrile. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
2-Propenenitrile is a colourless volatile liquid with a pungent odour. It does not occur naturally and is harmful to aquatic life. It constitutes an essential class of monomer required to produce highly versatile polymers like polyacrylonitrile, styrene-acrylonitrile (SAN), and acrylonitrile butadiene styrene (ABS) etc.
Report Features | Details |
Product Name | 2-propenenitrile |
HS CODE | 2926.10.0000 |
CAS Number | 107-13-1 |
Industrial Uses | Plastics, Textiles, Rubber, Pesticides |
Chemical Formula | C3H3N |
Synonyms | Acrylonitrile, Cyanoethene, Vinyl cyanide , Cyanoethylene, Vinyl nitrile, Propenenitrile |
Molecular Weight | 53.064 g/mol |
Supplier Database | INEOS, Sinopec Group, Sumitomo Chemicals, Asahi Kasei |
Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, 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 Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
Currency | US$ (Data can also be provided in local currency) |
Supplier Database Availability | Yes |
Customization Scope | The report can be customized as per the requirements of the customer |
Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
In this process, propylene, ammonia and air are passed through a fluidized bed reactor, and the products are then dumped into aqueous sulfuric acid. The desired product is separated from the by-products in the recovery column via distillation.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.
Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.
Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.
Phone:+1 307 363 1045
Phone: +91 8850629517
Phone: +44 7537 171117
Email: sales@procurementresource.com