Acrylonitrile Prices, markets & analysis
For those looking to keep abreast of the global Acrylonitrile market, our independent, unbiased pricing information, news and market analysis is an invaluable resource.
Whether you buy or sell Acrylonitrile or related products, you need to know about the prices and the factors driving the prices in the global Acrylonitrile market as they happen. Our network of price reporters throughout Asia, Europe and the US provide key local insights. We collate this intelligence into daily and weekly price reports, ensuring you have the up-to-date information you need at all times.
Acrylonitrile Overview Transcript
Acrylonitrile ACN is a product that is used to make acrylic fibres. It is a raw material that goes primarily into making acrylic fibre and also other products such as acrylonitrile butadiene styrene or ABS.
Acrylic fibre is used, on the other hand, in clothing and carpets, whereas ABS is used in the automotive and appliances industries.
Acrylonitrile is traded mostly in Asia on a spot and contract basis. China is a major importer of ACN. It buys ACN from Asia as well as from deep sea suppliers in Europe and the US Gulf.
Other than China, India is another major spot market, Both these countries are major importers of ACN.
The major producers in Asia are primarily based in Japan South Korea and Taiwan.
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Acrylonitrile: Market overview
Updated to Q4 2014
In Asia, the acrylonitrile (ACN) market outlook is weak in the fourth quarter as market participants expected prices to be valued lower because major international suppliers in the US or Europe will likely dump cargoes to Asia amid the year-end destocking activity. And the falling feedstock propylene cost in Asia will cast a shadow on the Asian ACN market. Meanwhile, the new capacity in China is expected to start up in the fourth quarter, which will dampen prices to an extent.
US Gulf ACN producers will continue to face cost challenges, particularly because of high raw material prices for propylene and ammonia. Feedstock costs have spiked in the recent months and are expected to remain high, establishing difficult market conditions and leaving domestic producers at a disadvantage to suppliers in other regions, where raw material prices had been falling. Overall global supply had improved, and with domestic producers already operating at squeezed margins or at net losses, sources said they expect producers to begin lowering their production rates. Additionally, suppliers will try to deplete inventories before tax valorem assessments at the end of the year.
European ACN demand in 2015 is expected to remain flat against 2014, several sources predicted. Flat demand is anticipated as weak acrylic fibre consumption continues to weigh on the market.
Global acrylic fibre demand could be severely affected by low cotton prices in 2015, several sources are predicting. Sources are anticipating high cotton plant yields to cause oversupply in 2015 and led to low prices. This would be likely to cause substitution with acrylic fibre.
Competition from substitutes such as cotton and polyethylene terephthalate (PET) has stalled global acrylic fibre demand in 2014. In Europe, acrylic fibre demand is expected to stay flat for the rest of 2014 because of poor trading conditions. The majority of the ACN spot market serves the acrylic fibre sector. Average ACN spot price spreads against feedstock costs have been negative throughout 2014 so far, as a result.
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Acrylonitrile (ACN) is a clear, colourless or pale yellow flammable liquid with a sweet, pungent, irritating odour. It is partially soluble in water, soluble in most organic solvents (including ethyl alcohol, acetone, benzene, carbon tetrachloride and ethyl acetate), very reactive and polymerises violently in the presence of alkalis or peroxides.
ACN is used mainly as a monomer or comonomer in the production of synthetic fibres, plastics and elastomers. The largest outlet is in the manufacture of acrylic fibres, which are used in clothing. Acrylic fibres also have uses in home furnishings and bedding.
An important outlet for ACN is the acrylonitrile-butadiene-styrene (ABS)/styrene-acrylonitrile (SAN) market.
The dominant route for the manufacture of ACN is the one-step propylene ammoxidation process, replacing the original acetylene-based technology. New technology based on propane ammoxidation is being developed by a number of ACN producers with claims of a 30% production cost advantage compared to the propylene route.