Acrylonitrile price October 2024 and outlook (see chart below)
- North America:US$1.39/KG, 6.1% up
- Europe:US$1.5/KG, unchanged
- Northeast Asia:US$1.22/KG, 0.8% up
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Acrylonitrile price index
This post is a summary of the global acrylonitrile price developments. The price developments of global acrylonitrile are expressed in US$ prices converted FX rates applicable at the time when the price was valid. Acrylonitrile price index developments are calculated from multiple separate sources of data to ensure statistical accuracy.
The outlook for global acrylonitrile prices, on the second tab, is generated from different inputs including:
- Very recent price developments of immediate cost drivers of global acrylonitrile prices
- Recent price developments of underlying feedstocks which drive the price of acrylonitrile
- Market futures for both cost drives and feedstocks of global acrylonitrile prices
- Adjustment of current supply/demand imbalances in the acrylonitrile market
- Longer term trends in likely demand conditions
Further sources of information on the Acrylonitrile price index
What is Acrylonitrile
Acrylonitrile is a colorless, highly flammable liquid with a sharp, pungent odor. It is a chemical intermediate used in the production of a variety of products, including plastics, fibers, rubber, and resins. Acrylonitrile is a toxic compound and can be harmful if inhaled or ingested. It can cause irritation to the eyes, skin, and respiratory system, and prolonged exposure can lead to more serious health effects.
Acrylonitrile is used in the production of a variety of products, including acrylic fibers, plastics, and rubber. It is also used as a solvent for other chemicals and as a feedstock for the production of a range of chemicals, including acrylamide and acrylic acid.
Overall, acrylonitrile is an important chemical intermediate that is used in the production of a wide range of products. However, it is toxic and should be handled with caution.
How is Acrylonitrile produced
Acrylonitrile is produced through the oxidation of propylene, a hydrocarbon, using oxygen or air as the oxidizing agent. This process is known as the direct oxidation of propylene and takes place at high temperatures and pressures in the presence of a catalyst, such as vanadium pentoxide or molybdenum oxide.
The direct oxidation of propylene is the most common method for producing acrylonitrile, but it can also be produced through the hydrolysis of acrylonitrile or the oxidation of 2-propanol.
Overall, the production of acrylonitrile involves chemical reactions that convert raw materials into the final product. The specific process used depends on the availability of raw materials and the desired end product.
What is Acrylonitrile used for
Acrylonitrile is a chemical intermediate that is used in the production of a wide range of products. Some common uses of acrylonitrile include:
Plastics
Acrylonitrile is used in the production of acrylic resins, which are used to make a variety of plastic products such as sheets, films, and fibers.
Fibers
Acrylonitrile is used in the production of synthetic fibers, such as acrylic and modacrylic fibers, which are used in clothing and other textile products.
Rubber
Acrylonitrile is used in the production of synthetic rubber.
Resins
Acrylonitrile is used in the production of resins, which are used as binders in coatings, adhesives, and other products.
Solvents
Acrylonitrile is used as a solvent for other chemicals.
Chemical feedstock
Acrylonitrile is used as a feedstock for the production of a range of chemicals, including acrylamide and acrylic acid.
Overall, acrylonitrile has a wide range of uses due to its chemical stability and ability to react with other substances to form a variety of products.
How big is the Acrylonitrile market
It is difficult to estimate the size of the global acrylonitrile market as a whole, as it is used in a variety of industries and applications. However, acrylonitrile is an important chemical intermediate and is widely used in the production of a variety of products. According to some estimates, the global acrylonitrile market was valued at around $9.6 billion in 2019 and is expected to grow at a compound annual growth rate of around 4.5% from 2020 to 2025. The growth of the acrylonitrile market is driven by factors such as increasing demand for acrylonitrile in the production of plastics and other products, as well as growing demand for acrylonitrile in the construction and automotive industries.
According to https://oec.world/ :
Acrylonitrile are the world’s 1241st most traded product.
In 2020, the top exporters of Acrylonitrile were United States ($584M), Netherlands ($268M), South Korea ($247M), Germany ($189M), and Chinese Taipei ($184M).
In 2020, the top importers of Acrylonitrile were South Korea ($289M), China ($287M), Turkey ($260M), India ($183M), and Netherlands ($125M).
Further reading
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