Acetonitrile price falls on weak demand – 13 May 2014

The demand for Acetonitrile is moderate to weak across major trading hubs in the India. In this review Indianpetrochem gathers a comprehensive overview on the market dynamics for the chemical in the Indian market.

The website gathers from its price database that the price of the chemical peaked two weeks ago at around Rs. 250 per kg (barrel price, exclusive of all taxes). The hike in price was primarily due to shortage of the chemical at major ports, Ex- Kandla and Ex- Mumbai. However, the situation has turned around for the chemical, whereby the short supply situation has been curbed and the prices have been on a downtrend since the past few weeks, while the demand has been moderate to poor in Mumbai and Ahmedabad market.

At present only imported variants for the chemical from Taiwan is available in the Indian market, while RIL manufactured chemical is directly being sold to end -users at basic price of Rs. 163 per kg (exclusive of all taxes).

A Delhi based trader told the website, “Acetonitrile demand is poor in the marketas buyers are not interested in bulk purchases and need based procurement strategy is being adopted.

Another trader added that Acetonitirle prices in the country are regulated by importers, however, on account of weak demand importers have lowered the price for the chemical in the Indian market.

Currently, Acetonitrile is beingsold at around Rs.235 per kg (barrel price)in Mumbai market and around Rs. 225 per kg (barrel price)in Delhi market, all prices are exclusive of all taxes.