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Acetonitrile Prices to Rise Throughout February 2024 across the Global Market

Acetonitrile Prices to Rise Throughout February 2024 across the Global Market

Jai Sen 22-Feb-2024

Looking towards February xxxx, a notable surge in global Acetonitrile prices is anticipated due to heightened downstream inquiries from diverse end-users coupled with reduced inventories among the suppliers and traders, thereby exerting considerable pressure on supply chains and market dynamics. Specifically, within the Asian market, the recent observance of the Chinese Lunar New Year (CNY) celebration, spanning from February xxth to February xxth, xxxx, has left a discernible impact on the Asia Pacific (APAC) supply chain. This has notably affected the overall Acetonitrile production, movement, and availability in the region.

During the CNY period, Chinese factories, and significant Acetonitrile producers, undergo temporary shutdowns, resulting in disruptions in output for a duration of x-x weeks. Post-CNY, production ramp-up faces hindrances due to labor shortages as workers return belatedly from holidays, contributing to a multifaceted operational scenario.

In parallel, Acetic acid, serving as a pivotal feedstock for...

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