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 2015
Acetic Acid – Europe
Demand for acetic acid in Europe is currently satisfactory to good for this time of year. Prices are stable. Not much change is expected in the near term, although the possibilities are on the up side. While Eurochem has completed its turnaround, it is not selling anything into western Europe and is unlikely to supply in significant quantities. BP’s resumption of output after a lengthy maintenance shutdown should help to increase supply a little further out, but Lyondell will have a turnaround for which it must prepare stocks.
Acetic Acid - Asia
The China acetic acid market outlook was described to be steady-to-soft on balanced supply/demand conditions amid concerns of demand softening, in line with expectations of reduced downstream plant operations in July/August and following traditional patterns.
Some buyers acknowledged that there was limited room for price drops in Asia in view of largely stable methanol feedstock values. Others found little justification in paying acetic acid prices given depressed derivative pricing in the solvent acetate sector.
The India market outlook was described to be steady on account of average cargo availabilities, while demand was slated to firm towards the end of the third quarter in the run up to the Diwali festival.
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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.