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 2017
In the US, the acetic acid market should be largely balanced in the third quarter (Q3) with supply able to meet demand. This comes as the supply situation has normalised after turnaround activity last quarter. Meanwhile, demand is expected to increase in Q3 as downstream vinyl acetate monomer (VAM) faces a peak paints and coatings market. Downstream 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. Overall, prices are largely expected to remain steady.
The period of upward pressure on European acetic acid prices has likely run its course. Forward momentum now appears to be in the opposite direction, although a turnaround in values is by no means certain over the next three months. Once again, as usually is the case in the fundamentally balanced European market, the price of methanol is likely to be the principal driver for prices. The third quarter methanol contract has been settled at a reduction of €90/tonne.
In Asia, the initial optimism in the Q3 pricing outlook of market players has deteriorated. This was because China’s domestic price rally from mid-May has reversed track since mid-June due to easing tight supply conditions as several major producers resumed plant operations after shutdowns. The operating rate of acetic acid plants in China has recovered by a total of 16 percentage points to 84%. Whether the price correction persists hinges on several uncertain factors impacting supply. On the other hand, unsupportive downstream ethanol market conditions may avail the market with more acetic acid volumes from an integrated acetic acid producer.
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.