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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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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.
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Insight and analysis of factors driving prices.
Updated to Q4 2016
Spot acetic acid prices in Asia increased during the fourth quarter to the high $300s/tonne CFR (cost & freight) levels. CFR SE Asia, CFR NE Asia and CFR India prices increased around 16%, 13% and 8% respectively.
The growth of spot prices to India was curtailed by the demonetisation of old rupee notes of 500 and 1,000 denominations in November, and buyers cited dampened demand and business sentiments as a result.
China’s export prices grew by around 22% over the same period, on the back of tight supply and increased upstream coal and methanol costs. Supply started tight in the fourth quarter from a series of turnarounds, reduced operations and outages of production plants in the previous quarter. From November, almost all the plants in China were running normally and the operation rates averaged 84-88%. Supply and demand were more balanced from early December. However, feedstock methanol prices continued to firm and supported acetic acid prices across Asia. The growth of Chinese domestic acetic acid prices had also outpaced export prices, so Chinese suppliers were under no pressure to reduce export prices. Buyers were resistant to the firm Chinese prices and mainly bought from suppliers outside China. Some buyers retreated to the sidelines from spot purchases, while others were covered with their contractual inventory, and supply from their domestic producers.
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.