This week, there was a slight upward trend in the price of acetonitrile in the market. As of May 9th, the benchmark price of acetonitrile for Shengyishe was 10100.00 yuan/ton, an increase of 0.20% compared to the beginning of this month (10080.00 yuan/ton). Gradually stocking up in the early stage, the market atmosphere did not decrease but increased after the holiday, driving up the price of acetonitrile.

Supply side:

There is still positive support in the supply side, and the overall operating rate of by-product method enterprises is low. Manufacturers are given price adjustments, and some quotations are further increased as a result. The inventory pressure is relatively low. Currently, the inventory level of acetonitrile factories is not high, and there is no significant pressure on industry inventory, which further enhances the driving force for suppliers to increase prices. In the future, there may be an increase in supply, especially with the expectation of an increase in the operating rate of by-product law enterprises, and the duration of this round of upward trend in the market may be extended.

This week, the price of acetic acid has risen, and the market atmosphere is warm. The capacity utilization rate of the acetic acid industry is still 74.22%. Only two sets of equipment are expected to be put into operation in 2024, resulting in a decrease in new production capacity. With the decrease in domestic and foreign operating loads and limited new domestic production capacity, the total export volume of acetic acid in the first two months of this year reached 190300 tons, a year-on-year increase of 23.04%, indicating good export demand. Under the resonance of supply and demand, the price of acetic acid is expected to continue to rise. As of May 9th, the benchmark price of acetic acid for Shengyishe was 3300.00 yuan/ton, an increase of 1.54% compared to the beginning of this month (3250.00 yuan/ton).

Demand side:

Downstream users are already primarily in demand and lack sustained demand, which to some extent affects the sustainability of market growth. In the current market environment, it is common to maintain low inventory operations to avoid potential market risks.

Overall:

It is expected that the supply and demand relationship will still affect the domestic acetonitrile market price next week or continue to rise. At the same time, the overall supply is still limited, and the overall factory load and industry inventory remain at a relatively low level, providing opportunities for market growth. It is expected that the market price of acetonitrile will reach around 10800-11100 yuan/ton next week.