ICIS has a network of locally based reporters providing coverage of regional Acetic acid markets. They provide not just pricing information, but an in-depth understanding of the factors driving prices and market fluctuations.
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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 Europe Acetic acid marketplace.
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Updated to Q1 2018
The European acetic acid market has been bedevilled by acute tightness in supply during the first three months of this year. Part of this was due to the lingering effects of two significant output problems in the US, although the first of these, Hurricane Harvey had largely disappeared as a major factor. The second was a fire at Eastman's plant in Tennessee last October. Since then, other outages around the world have added to the current shortage, and rendering the market tighter than it has been for several years.
As Q1 advanced, European acetic acid converters became increasingly anxious to obtain material. This resulted in buyers clamouring for deliveries from sources from whom they would not usually have ordered and reflected in steadily rising prices, both spot and contract. However, the hunger for material needs to be associated with the squeeze on supply that purchasers suffered from during the period. Consumption is certainly healthy, but it is far from clear that underlying demand is exceptionally strong, or rising, independent of the difficulties that buyers faced when obtaining product.
ICIS reports on Acetic Acid in Europe, the US and Asia. In Europe, the report assesses a quarterly contract price, a monthly contract price and a spot price range. All are quoted on a free delivered (FD) North West Europe (NWE) basis.
Prices are reported in Euros per metric tonne. Quarterly contract prices are generally settled towards the end of each quarter and are used as a benchmark in the industry.
Spot prices reflect current pricing for typical truck sizes of 20-35 tonnes. While spot prices for bulk delivery are discussed in the text.
The report covers contract negotiations, spot business, bids and offers, supply and demand issues, and any news on imports or production that could affect the market. It also gives a snapshot of developments in upstream and downstream markets.
The European acetic acid report is a respected and essential tool for our subscribers.
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.