15 September 2010 18:05 [Source: ICIS news]
HOUSTON (ICIS)--Asian acetic acid producers will continue to contend with tighter margins because of a tremendous increase in supply, primarily from China, a regional consultant said on Wednesday.
After demand was flat between 2008 and 2009, acetic acid looked poised to rebound from 2010 onward, led by growth in the derivatives vinyl acetate monomer (VAM) and purified terephthalic acid (PTA), said Leo Wirawan with Methanol Market Services Asia.
Wirawan spoke at the Methanol Forum in Houston, held by consultancy firm Jim Jordan & Associates.
However, growing demand and mostly strong Asian economies would be overshadowed by the enormous increase in supply, particularly in China, Wirawan said.
As such, pressure and tight margins on acetic acid producers were expected to persist, he said.
The conference lasts through Thursday.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|