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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Throughout the first quarter of 2014, acetone prices into China continued to pull back from the all-time high of $1,250/tonne CFR (cost & freight) China reached in early December 2013, closing the quarter at $1,090/tonne CFR China.
During this time, the supply of regional material to China was curtailed by reduced primary product phenol plant operating rates, along with the start of a busy phenol/acetone plant turnaround season in March. However, a spate of downstream plant turnarounds and outages, along with a steady in-flow of deep-sea material, served to offset the supply constraints caused by regional phenol/acetone unit maintenance and quickened the pace of the acetone price slump.
Acetone prices into China began to plunge from late February, spurred by the downturn in raw material benzene and propylene prices since early February, the sudden depreciation of the yuan against the US dollar in late February, along with a post-Lunar New Year holiday build in the inventories held by Chinese producers and importers. Acetone prices into China slumped by more than $100/tonne between late February and mid-March.
Updated to Q1 2014
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.