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.
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
We offer the following regional Acetone coverage to keep you informed of factors and developments affecting prices in the Asia Acetone marketplace.
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News & analysis
News & Analysis - News & market analysis specifically relating to Acetone
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
Updated to Q3 2015
The average spot acetone prices into China slumped to a 13-year low of $455/tonne CFR China as the third quarter drew to a close. Yuan-denominated domestic acetone prices in east China hit a record low of below yuan (CNY) 4,000/tonne ex-tank in late September.
The US dollar-denominated spot acetone prices into China were weighed on by a worsening regional supply overhang and deteriorating market conditions in China. In the third quarter, production cutbacks in the downstream bisphenol A (BPA) and methyl methacrylate (MMA) sectors in northeast and southeast Asia added to the surplus acetone supply. Ample spot availability in Asia, a steady inflow of deep-sea cargoes and sharp losses in raw material propylene prices weighed on spot acetone prices.
On the domestic front, Chinese phenol/acetone makers sought to counter weak prices and negative margins with production cutbacks. Industry-wide output cuts since June meant that phenol/acetone capacity utilisation in China was at 60-70% capacity in the third quarter. Weak margins, particularly for acetone, prompted Taiwan Prosperity Chemical Corp (TPCC) and Mitsui Phenols Singapore to curtail their output in the third quarter.
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.