ICIS publishes the weekly Acetone report in Asia, China, Europe and the US.
The reports contain information on spot and contract prices, imports, and production issues, as well as maintenance plans and upstream/downstream intelligence. The unbiased pricing data, gathered by our locally based reporters, enables those involved in Acetone or related products to make informed business decisions.
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Acetone overview Transcript
The largest consumer of acetone is methyl methacrylate (MMA) and acrylic acid, nearly all MMA is polymerised to make homopolymers and copolymers.
The second largest use for acetone is the manufacture of bis-phenol A who’s growth is driven by the polycarbonate sector. Other significant outlets for acetone include solvents use.
Around 90% of acetone production is via the cumene route to make phenol, where 0.62 tonnes of acetone is produced with each tonne of phenol. As phenol demand is growing faster than acetone demand there is a global surplus of acetone in the market.
Acetone is a clear water-white volatile liquid, which is highly flammable. Europe has the capacity to produce approximately 2.5 million tonnes per year of acetone, while global production is set close to 7 million tonnes per year. Global growth is around 5% per year with Asia being the fastest growing region. In Europe, growth is set at around 0-2% per year.
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Acetone: Market overview
Updated to Q1 2017
In Europe, acetone spot prices remain above contract prices. While contract prices are driven by key feedstock propylene’s price developments, spot acetone prices continue to react to the market’s supply and demand dynamics. As the first quarter gets underway, the market remains tight; a hangover from better-than-expected December demand, late-2016 export opportunities and production being focused on keeping the phenol market balanced.
US acetone prices are expected to increase in the first quarter of 2017, with feedstock propylene prices climbing and supply tighter. Sources said one US producer has a January turnaround and two have plans for turnarounds late in the first quarter. Additionally, higher prices should be supported by stronger demand, particularly in the methyl methacrylate (MMA) and methyl isobutyl ketone (MIBK) sectors.
CFR China acetone prices are expected to stay strong relative to primary product phenol as production cutbacks, scheduled turnarounds and sturdy India demand keep a lid on supply. Alongside phenol/acetone production cutbacks in China, South Korea and Singapore, the impending turnarounds in Thailand and Taiwan will maintain the strength in acetone’s underlying demand-supply fundamentals.
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Acetone is a clear, water-white volatile liquid, slightly hygroscopic with a mild, mint-like fragrant odour. It is highly flammable, miscible in all proportions in water, ethyl alcohol, ether and will react explosively with strong oxidising agents.
The largest outlet for acetone is the manufacture of acetone cyanohydrin (ACH), which is a precursor to methyl methacrylate (MMA) and methacrylic acid.
An important derivative of MMA is polymethyl methacrylate (PMMA).
Applications for PMMA include windows, skylights, signs, lighting fixtures, automotive parts, medical devices and appliances. A growing sector is in electronic applications where it is used in flat screen televisions and liquid crystal displays.
Methacrylates are also used in latex surface coatings in applications such as architectural, automotive, wood furniture, lacquers and enamels.
Nearly all MMA is polymerised to make homopolymers and copolymers.
The second largest use for acetone is the manufacture of bisphenol-A (BPA), whose growth is driven by the polycarbonate sector.
Acetone is used to make a number of chemical derivatives such as methyl isobutyl ketone (MIBK), isophorone and diacetone alcohol/hexylene glycol.
Nearly all acetone production is via the cumene route where 0.62 tonnes of acetone is produced with each tonne of phenol. As a co-product to phenol, acetone availability is dependent on market conditions for phenol.