Stay abreast of the regional Acetic acid markets that matter to you.
From pricing information to the analysis you need to understand it, ICIS coverage of regional Acetic acid markets is second to none.
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- Follow price drivers and fluctuations
- Inform your internal market modelling
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- Determine settlement and contract terms
Acetic acid news and market information products from ICIS
We offer the following regional Acetic acid coverage to keep you informed of factors and developments affecting prices in the Asia Acetic acid marketplace.
Price Reporting – More information about the price reports we publish on Acetic acid
Independent price assessments and market coverage
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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.
Updated to Q1 2018
Tightened supply prevailed in Q1 as a combination of unscheduled shutdowns due to feedstock-related issues and scheduled maintenance shutdowns affected more than 10 producers in Asia and the Middle East. This was exacerbated by the unplanned outage in mid-February at LyondellBasell’s acetic acid unit in La Porte, Texas, because of the failure of a third party carbon monoxide supplier. The force majeure declaration at the plant resulted in a diversion of March shipment cargoes from Asia to the US and European markets. The average plant output in China was capped at below 80% in Q1.
Downstream plant operations, with the exception of a butyl acetate (butac) plant in northeast Asia, were largely stable during the quarter. Liquidity in the spot market was hampered by a widening buy-sell gap as some buyers were opposed to paying prevailing prices because methanol feedstock values had been relatively stable since the start of the year. Other buyers noted a lack of selling interest and offers at lower numbers, while some traders opted to stay out of the market due to the wide spread. Some buyers were worried that the tight supply-driven price rally could reverse if producers in China increased their output as a result of the more attractive margins.
ICIS covers acetic acid spot price assessments for northeast Asia (NE Asia), southeast Asia (SE Asia), south Asia, China on a cost & freight (CFR) basis.
ICIS checks and quotes ex-tank prices for the key east China market in yuan, as well as the free on board (FOB) China price, because of the growing importance of the China export market.
The commentary explains the drivers behind price movements and covers bids, offers and spot transactions.
The status of contract price negotiations is also monitored and discussed.
ICIS keeps a close eye on all scheduled outages and reports on any production problems to ensure that subscribers have the information they need.
Fluctuations in key feedstock methanol can also have a big impact on acetic acid prices.
These factors are all tracked in the report, together with monthly trade statistics and freight rates, making it an important and key reference tool for our customers and the industry.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Acetic acid. 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 Acetic acid, 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.