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.
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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 US Acetic acid marketplace.
Price Reporting – More information about the price reports we publish on Acetic acid
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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 2017
The shutdown of Eastman’s coal gasification unit at the producer’s US headquarters complex prompted a near-global scramble for acetic acid to make up for lost supply at the 277,000 tonne/year plant and caused a jump in prices.
US suppliers said they did not have enough material on hand and were fielding calls from potential new customers who were turned down by Eastman, which told them there would be no more spot acetic acid for the rest of 2017. Eastman did not have enough product either. An executive told stock analysts that the company was bringing in acetic acid to the site to make silicon hydride, because most of Eastman’s derivative units in Kingston run on that material.
The October explosion at an Eastman Chemical unit in Tennessee caused a big boom heard around the world in global acetyl markets in the last quarter of 2017 and put US acetic acid export prices at a two-year high and within range of a five-year high. One month after the explosion, US acetic acid export prices had increased by 15%. The damage to Eastman’s coal gasification unit at company headquarters in Kingston would take the rest of the year to repair.
The ICIS US Acetic Acid report is based on glacial Acetic Acid spot prices in dollars per tonne for the US Gulf reported by buyers and sellers.
The spot price which is also listed in cents per pound can change in any given week, but the range is usually wide enough to last for a few weeks, if not a whole quarter.
The report also contains the latest contract price for Methanol which is a monthly price. Subscribers to the report include major producers, plus a strong selection of vinyl acetate monomer (VAM) and solvents buyers plus pharmaceutical producers.
Besides information on Acetic Acid prices and production news, the report usually contains the latest price information on major feedstocks, natural gas and methanol, prices for downstream VAM and sometimes a reference to European prices because Europe is a major export destination.
It is a reliable, useful and widely read source of information giving a price to customers that’s hard to find in any other publication.
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.