Recently, the market price of acetonitrile has shown a significant downward trend. As of March 19th, the benchmark price of acetonitrile for Shengyishe was 9800 yuan/ton, a decrease of 0.81 yuan/ton compared to last week (9880 yuan/ton). The fluctuation of market prices is mainly influenced by both supply and demand, showing a certain degree of instability.

In terms of demand:

The overall sentiment in the acetonitrile market has weakened this week, with the most important being that demand has not followed up as expected, and overall supplier shipments are still slow. In response to market changes, suppliers have lowered their prices. Although downstream demand has not improved significantly during this period, the main reason is that downstream pesticide production has not increased significantly, and some factories are still digesting early inventory.

In terms of supply:

Due to overcapacity in the early stage, which is also a major factor in suppressing market price increases, the inventory of enterprises remains sufficient in the short term; In addition, after the increase in production of synthetic method enterprises, the prices of raw materials such as acetic acid and synthetic ammonia have remained low and fluctuated, and the short-term increase in external sales is also limited.

Overall

In the early stage, the market mainly relied on supply reduction to drive price increases, but currently, the favorable factors in the market are not favorable. Especially the slow growth of downstream demand will put pressure on the price of acetonitrile. Another reason is that after a significant increase in prices in the early stages, intermediaries have a low enthusiasm for replenishing acetonitrile, mainly relying on wait-and-see. This move is affecting the overall trend of the market.

In summary, analysts from Business Society predict that the market price of acetonitrile may continue to decline this week due to multiple factors.