Acetic acid Prices, markets & analysis
With a network of price reporters across Asia, Europe and the US, ICIS is fully equipped to keep you updated on everything that happens in the global Acetic acid market, whether you buy or sell Acetic acid or related products.
From daily and weekly reports containing price assessments obtained by our network of local reporters, to the news and analysis that put the market into focus, we provide the tools you need to make confident business decisions.
Acetic acid Overview Transcript
Most acetic acid is produced by methanol carbonylation. In this process methanol and carbon monoxide react to form acetic acid. The principal outlets for acetic acid are into vinyl acetate monomer or VAM, acetic anhydride and purified terephthalic acid or PTA. Europe is structurally dependent on imported material.
The largest European producer is BP which is based at Hull in the UK. There is also significant production in Serbia and Russia but other European plants are largely for internal consumption.
The main importers are Celanese and LyondellBasell from the US and International Acetyl Company based in Saudi Arabia. However, in a tight market buyers can source additional volumes from Asia.
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Acetic acid news and market information products from ICIS
We offer the following regional Acetic acid analysis and news coverage to keep you informed of factors and developments affecting prices in the Acetic acid marketplace.
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Acetic acid: Market overview
Updated to Q3 2014
The outlook for US acetic acid FOB export prices in the third quarter is mixed. The supply situation, accentuated by LyondellBasell's force majeure, should remain tight to balanced and provide price support. But prices that are now among the highest in the world could be undercut by an expected decline in VAM demand and further drops in the price of feedstock methanol. However, methanol observers expect spot prices in that feedstock to move higher.
In Europe, conflicting fundamentals are likely to dominate the acetic acid market there during the third quarter. On the one hand, supply is likely to remain fairly tight, exacerbated by LyondellBasell's declaration of force majeure in Europe in mid-June. On the other hand, a substantial decrease is widely expected for the Q3 methanol contract price, which would lower feedstock costs for domestic producers.
In Asia, the outlook is also mixed. Snug supply in Asia outside China should bolster acetic acid spot prices, while tight supply in China should ease up in the third quarter following the completion of turnarounds at major domestic plants in late June and possibly pull prices lower. However, the shutdown of a 1.2m tonne/year Nanjing-based plant in August for a turnaround in August could move prices up.
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Acetic acid news & analysis
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Acetic Acid Methodology
About Acetic acid
Acetic acid is a clear, colourless, mobile liquid with a pungent odour and acidic taste. It is miscible in water and most organic solvents but insoluble in mineral oils and carbon disulphide.
Acetic acid is used as a chemical intermediate and solvent with widespread applications throughout industry. The largest outlet is vinyl acetate monomer (VAM), which is used in paints, adhesives, textiles, paper, films and chewing gum. Many VAM plants are integrated with acetic acid facilities.
The production of purified terephthalic acid (PTA) is the second largest outlet consuming 18% of acetic acid production.
There are many other applications from fragrances to foodstuffs and dyes to detergents.