The Acetic Acid report is published weekly in Asia, Europe and the US. Our locally based ICIS reporters gather news on spot and contract business, demand and supply issues, production, feedstock developments and any other influencing factors that will impact price movements. This enables ICIS to publish independent price assessments as well as news and analysis which those in the industry can use to make decisions with confidence.
Updated to Q2 2021
The slew of unplanned plant outages in Q1 followed by the start of planned turnarounds in northeast Asia kept global supply tight in Q2. Fresh unplanned outages in China, Iran and southeast Asia further strained supply into June. Supplies in the US experienced a slow process of being rebuilt following plant restarts after the deep freeze in February.
Offtakes from the downstream VAM and solvent acetate sectors declined due to turnarounds at such plants in northeast and southeast Asia for a large part of the quarter. Restocking activities in India were hampered during the quarter owing to renewed lockdowns, following a severe second wave of the COVID-19 outbreak.
The market entered Q2 afflicted by the supply shortage caused by the winter storms in the US Gulf. The availability or material suffered an unprecedented squeeze, reflected in sharply rising prices. As the quarter moved on, supply improved, although players needed to replenish depleted inventory levels.
In Q2, demand took a back seat to supply. As material became more difficult to obtain, converters looked to secure product from any source, although it did not mean that actual requirements were greater than normal. There was nothing to suggest that underlying demand was any different this year.
Supplies remained significantly tighter following the freeze in February that shut much of the country’s production. Since then, the quarter had other production setbacks related to obtaining sufficient feedstock supply.
Over the quarter, demand did not face a significant fall-off compared with other regions through much of the global pandemic and widespread lockdowns in the western hemisphere. April exports were 53% higher than March, with Mexico and Europe taking in more than 70% of US acetic acid in April alone.
Acetic acid news and market information products from ICIS
We offer the following regional Acetic acid analysis and news coverage to keep you informed of factors and developments affecting prices in the Acetic acid marketplace.
News & analysis
Regional price assessments, published daily or weekly, enabling you to keep track of trading prices, understand price drivers/fluctuations and set a benchmark for contract price settl ements. ICIS offers reports on over 180 commodities across the global petrochemical, energy and fertilizer markets. Information covered in our price reports includes:
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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.
Acetic acid, a clear colourless liquid with a pungent odour, is used as a chemical intermediate and solvent with widespread applications throughout industry.
Acetic acid is a clear, colourless, mobile liquid with a pungent odour and acidic taste. It is miscible in water and most organic solvents but insoluble in mineral oils and carbon disulphide.
Acetic acid is used as a chemical intermediate and solvent with widespread applications throughout industry. The largest outlet is vinyl acetate monomer (VAM), which is used in paints, adhesives, textiles, paper, films and chewing gum. Many VAM plants are integrated with acetic acid facilities.
The production of purified terephthalic acid (PTA) is the second largest outlet consuming 18% of acetic acid production.
There are many other applications from fragrances to foodstuffs and dyes to detergents.
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