China's acetonitrile prices double to Yuan 15,500/t on demand surge

Driven by booming GLP-1 API production, China's industrial-grade acetonitrile prices have more than doubled since mid-August, touching Yuan 15,500/t on Sept 23, the highest level since Sept 2022. China's industrial-grade acetonitrile capacity is exepcted rise 2.3% year-on-year to 321000 t/y in 2026.

Fueled by surging GLP-1-related pharmaceutical output, China's acetonitrile market has flipped from prolonged oversupply into tight balance, with industrial-grade prices more than doubling since mid-August and touching Yuan 15,500/tonne on September 23, the highest since September 2022, according to OilChem data. The current price surge was driven by strong demand