The Acetic Acid report is published weekly in Asia, Europe and the US. Our locally based ICIS reporters gather news on spot and contract business, demand and supply issues, production, feedstock developments and any other influencing factors that will impact price movements. This enables ICIS to publish independent price assessments as well as news and analysis which those in the industry can use to make decisions with confidence.
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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.
Price Reporting – More information about the price reports we publish on Acetic acid
Independent price assessments and market coverage by region
Price History – More information about the historical price data we publish on Acetic acid
Track historical price data
News & analysis
News & Analysis - News & market analysis specifically relating to Acetic acid
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
Acetic acid: Market overview
Updated to Q3 2018
China output to rise on completion of plant turnarounds, though in Nanjing production may be affected by environmental protection measures on utility supply. Reduced output at the Taiwan-based plant in August due to mechanical issues might be offset by reduced captive demand, due to turnaround of a downstream VAM plant.
Demand may be stimulated by the easing tight supply-driven price corrections since June. Downstream plant operations in the acetic anhydride and ethyl/butyl acetate sectors in China may recover after experiencing squeezed margins since the latter half of the previous quarter. However, VAM plant turnarounds in Taiwan and Japan might dampen demand.
Acetic acid supply in Europe is likely to remain constrained in the near term. More production capacity is starting to be brought back into use but the pipeline has been so depleted that it is expected to be towards the later part of quarter three before full, normal service is more apparent.
Demand over the course of the third quarter is not very clear. Normal seasonal trends suggest a modest increase in consumption, but it may also be governed by converters’ reaction to recent tightness. Some could choose to stock up as supply eases while others might limit orders in the hope of getting lower prices.
Supply rather than demand continues to be the main driver in the US acetic acid market. The Eastman Chemical acetic acid plant in Texas City remains down going into July, and the acetyl market should stay bullish for the rest of the month and possibly later because of reduced inventory stemming from that outage.
Soaring US domestic spot prices for acetic acid continue to circulate in the market, with prices heard as much as 50% higher because of scarce availability. BP sells acetic acid produced by that plant and has a deal to buy all of the material produced there through December 2031.
News & analysis
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.