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
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News & Analysis - News & market analysis specifically relating to Acetic acid
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Acetic acid: Market overview
Updated to Q2 2017
The period of probable upward pressure on prices forecast for the European acetic acid market in the last market overview three months ago appears still to be in place. And that is primarily for the same reason, higher feedstock prices. The European Q2 methanol contract has now been confirmed at another increase which would imply a further rise in raw material cost in the region of €35/tonne. Though much less than that incurred in the first quarter, it adds to the pressure from acetic acid producers to raise their prices, especially as they generally failed to achieve a full pass-through of their Q1 cost increment. Plant turnarounds may also play a part in tightening up the balance of the market a little.
In the US, supply should tighten in Q2 due to a major turnaround, and prices will face upward pressure as a result. Meanwhile, demand will pick up in Q2 as downstream vinyl acetate monomer (VAM) faces the start of the peak paints and coatings market. Purified terephthalic acid (PTA) production is also expected to pick up due to warmer weather and stronger bottled drink activity impacting the polyethylene terephthalate (PET) market.
The pricing outlook in Asia is mixed with an upside view stemming from expectations that methanol values would be supported by fresh demand from Jiangsu Sailboat Petrochemical’s methanol-to-olefins (MTO) plant in Lianyungang. The MTO plant was widely expected to start up in April at the earliest after delays. On the other hand, downside pressure may prevail into the second quarter on indications of rising acetic acid supply in China following the completion of plant turnarounds, coupled with lingering weak demand in the downstream solvent acetate sector.
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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.