Acetic acid Asia Transcript
ICIS covers acetic acid spot price assessments for northeast Asia (NE Asia), southeast Asia (SE Asia), south Asia, China on a cost & freight (CFR) basis.
ICIS checks and quotes ex-tank prices for the key east China market in yuan, as well as the free on board (FOB) China price, because of the growing importance of the China export market.
The commentary explains the drivers behind price movements and covers bids, offers and spot transactions.
The status of contract price negotiations is also monitored and discussed.
ICIS keeps a close eye on all scheduled outages and reports on any production problems to ensure that subscribers have the information they need.
Fluctuations in key feedstock methanol can also have a big impact on acetic acid prices.
These factors are all tracked in the report, together with monthly trade statistics and freight rates, making it an important and key reference tool for our customers and the industry.