Acetone Prices, markets & analysis
For clear insight into regional Acetone markets, you need in-depth price reports direct from those regions.
That’s why ICIS maintains a network of locally based reporters, providing not just price assessments but market commentary and analysis.
There’s no better way to stay up-to-speed with all the latest information that can make a difference to your business.
Use ICIS information to:
- Follow fluctuations and understand factors driving them
- Input into your own internal analytical models
- Clarify settlements and contracts
- Inform negotiations
Acetone overview Transcript
The largest consumer of acetone is methyl methacrylate (MMA) and acrylic acid, nearly all MMA is polymerised to make homopolymers and copolymers.
The second largest use for acetone is the manufacture of bis-phenol A who’s growth is driven by the polycarbonate sector. Other significant outlets for acetone include solvents use.
Around 90% of acetone production is via the cumene route to make phenol, where 0.62 tonnes of acetone is produced with each tonne of phenol. As phenol demand is growing faster than acetone demand there is a global surplus of acetone in the market.
Acetone is a clear water-white volatile liquid, which is highly flammable. Europe has the capacity to produce approximately 2.5 million tonnes per year of acetone, while global production is set close to 7 million tonnes per year. Global growth is around 5% per year with Asia being the fastest growing region. In Europe, growth is set at around 0-2% per year.
Acetone news and market information products from ICIS
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Acetone prices into China, the regional benchmark, continued to outperform primary product phenol and rose by 5% since mid-August to settle at an average of $1,150/tonne CFR (cost & freight) China in early November. Supply of regionally-produced material remained constrained by reduced phenol output, along with sturdy demand in the key China market.
However, when the yuan-denominated domestic prices in east China surpassed yuan (CNY) 9,000/tonne ex-tank in early November, despite a further softening in feedstock benzene prices, concerns over a potential downward price correction prompted Chinese buyers to adopt an increasingly cautious stance.
Market participants in China said that there is growing resistance from the downstream isopropanol (IPA) and methyl isobutyl ketone (MIBK) sectors to acetone priced at CNY9,000/tonne ex-tank. High feedstock costs and weak margins have prompted IPA and MIBK makers to either curtail output or to shut down their plants altogether.
On the other hand, the better margins enjoyed by downstream producers in the methyl methacrylate (MMA), isopropylamine and water reducer segments are giving support to acetone at the current prices, according to market participants in China.
Updated to mid-November 2013
The ICIS Asia weekly acetone report provides key price quotes for China and southeast Asia (SE Asia).
We provide information on deals, bids and offers, which form the basis of the published assessments and bring other factors behind the price movements.
Feedstock benzene and propylene are tracked and an overview of key downstream markets is provided.
Understanding the key cost & freight (CFR) China spot market is complex because of a variety of anti-dumping duties leveraged by the Chinese government.
To provide greater clarity for subscribers, ICIS provides a normalised CFR China quote based on 0% anti-government duty and a 5.5% import duty.
This has been well received by our subscribers as a valuable alternative to the existing benchmark CFR China quote.
We communicate with a wide section of market participants, producers and traders and continue to deliver accurate assessments each week.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Acetone. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities.
Our time series of pricing data enable you to build and model trends, to get a view of where markets might be heading. The data service includes charting functionality, allowing you to chart and download multiple data series for manipulation in your own internal models. You can also export data to Excel via the ICIS dashboard service.
ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Acetone, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.