After experiencing a significant decline recently, the acetonitrile market is currently in a weak consolidation state. As of April 3rd, the benchmark price of acetonitrile for Shengyishe was 9720.00 yuan/ton, unchanged from Monday. The early price decline was due to a double decline in revenue and profit in the downstream pesticide industry; On the other hand, there is a sustained oversupply.

Recent Focus on Acetonitrile:

Demand: The operating rate of acetonitrile in the downstream pesticide field is still not high, and the demand side lacks sustainable and favorable support.

Supply: However, some factories have started preparing maintenance plans. Therefore, the downward rhythm of acetonitrile has significantly slowed down, supplier quotations have remained stable, and spot market trading remains deadlocked. At present, there is no change in the fundamentals, and demand remains weak. Buying is mainly focused on immediate follow-up.

At present, the supply of by-product method acetonitrile still dominates, and the supply directly affects the price trend of acetonitrile. Therefore, the price of acetonitrile is closely related to the operating rate of by-product method enterprises. Domestic synthetic method enterprises have increased, and downstream high-purity acetonitrile is mainly for self use, resulting in a reduction in export volume.

Next week’s forecast:

Overall, although there are positive factors on the supply side, the current price of acetonitrile is only limited to stabilizing and consolidating, and downstream demand for acetonitrile has not improved. The market supply surplus continues, coupled with a lack of cost support, the price will continue to remain stable in the short term. In addition, we need to pay attention to the export situation, but acetonitrile is currently at a low level, which may be attractive to intermediaries and downstream users.