ICIS price reporting for regional Acetic acid markets is unparalleled in its ability to keep you on top of the information you need.
Our network of price reporters delivers direct and regular insights into the local markets they work in.
Use ICIS information to:
- Inform your internal data models
- Substantiate your position in negotiations
- Set terms for settlements and contracts
Acetic acid Asia Transcript
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.
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 China Acetic acid marketplace.
Price Reporting – More information about the price reports we publish on Acetic acid
Independent price assessments and market coverage
Price History – More information about the historical price data we publish on Gas
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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 Q4 2016
China acetic acid prices have been on an uptrend in the fourth quarter of 2016 on tight supply and increasing feedstock prices.
Some Chinese producers cut plant operating rates in the third quarter due to a lack of profitability, and commercial inventory decreased in October. Meanwhile, China coal prices kept increasing sharply. According to ICIS China data, the average price of 5,500 calorie Qinhuangdao coal in October was Chinese yuan (CNY)630/tonne, a month-on-month increase of CNY87/tonne.
As a result, acetic acid producers lifted offers after the National Day holiday. Ex-tank East China prices were CNY2,200-2,450/tonne on 8 October and closed at CNY2,550-2,800/tonne on 31 October.
Prices kept climbing during November and December on an improved export market and domestic downstream sectors. Ethyl acetate and chloroacetic acid especially showed stronger demand in the fourth quarter. At the same time, prices of coal and methanol were firmer.
Ex-tank East China prices closed at CNY2,900-3,150/tonne on 12 December.
Chinese acetic acid daily and weekly price reports.
Daily report: We obtain information about the Chinese domestic market for our daily report by communicating with acetic acid producers, end-users, traders and other parties. We provide daily price assessments, specifically for ex-tank east China, ex-tank south China, and delivered north China, to customers that use the acetic acid price assessed by Chemease as a benchmark. Additionally, information on upstream methanol and key derivatives acetic ester, vinyl acetate monomer (VAM) and purified terephthalic acid (PTA) are included in the report.
Weekly report: We cover global and Chinese markets in the weekly report. We report price changes in the US, Europe and Asia and the reasons behind them, as well as information on China’s acetic acid export market on a free on board (FOB) China Main Port (CMP) basis.
Apart from price changes in east, south and north China, we deliver comprehensive analysis about the weekly supply-demand situation, including operating rates of acetic acid plants, feedstock methanol, ethylene and ethanol market changes, and operating rates and price changes in the downstream acetic ester, VAM, PTA, acetic anhydride and monochloroacetic acid (MCAA) sectors. This information can help our customers keep their thumb on the pulse of their business.
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.