Since entering March, the acetonitrile market has shown a poor trend, with prices fluctuating downward. As of March 25th, the benchmark price of butyl acrylate in Shengyishe was 9720 yuan/ton, a decrease of 1.22% compared to the beginning of the month (9840 yuan/ton). Until recently, there has been weak positive news on the supply side, and the atmosphere in the acetonitrile market has been lukewarm, causing the price center to shift downwards.

In terms of cost:

The favorable situation in the acetonitrile market is difficult to find. The price of raw material acetic acid has fallen this month, and some acetic acid companies have sufficient inventory and lowered their prices. However, the overall industry operating load is still high, and the supply is relatively stable. Downstream operation is still acceptable, and demand is normal. However, the atmosphere of spot negotiations is still relatively average, and operators remain wait-and-see. The trading focus of the acetic acid market is downward.

At present, the overall performance of demand in various downstream industries is average: the pharmaceutical industry market is undergoing consolidation and operation, but the market demand is average, and more follow-up is needed. Pesticides have experienced a narrow decline, with prices and inventories of pesticide products at historically low levels. Upstream costs continue to be under pressure, and some varieties have undergone significant market changes. There are also few spot goods in channel factories, indicating signs of bottoming out and rebounding. The solvent and reagent industry has been negotiated and organized, and the spot market has been multi-dimensional with negotiations and transactions. Enterprises have maintained on-demand consumption, and the industry is operating in a volatile manner.

Future Market Forecast

In the face of unfavorable supply side conditions, the price of acetonitrile has fluctuated downward, and some by-product production units are expected to restart in the later stage. In addition, there is a possibility of an increase in the start of synthesis, and downstream terminal demand is still average. The drag of demand may suppress the upward space of acetonitrile. Business Society analysts predict that the market price of acetonitrile will remain weak in the short term, with price fluctuations expected to range from 9700 to 11300 yuan/ton. In the future, attention still needs to be paid to the supply of devices and the follow-up of downstream demand.