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 Q4 2018
Output may be curtailed due to turnarounds scheduled at several major plants in China and India in October. Stepped-up environmental protection measures during winter in China may further curb production. The overall production balance in southeast Asia dipped due to an unplanned outage at Celanese’s Singapore-based plant in the middle of September.
Consumption in northeast Asia to slacken due to turnarounds scheduled to occur at downstream PTA and ethyl acetate plants in October in South Korea and Japan, respectively. Japan VAM & Poval’s VAM plant will be operated at a reduced rate of 60% of capacity from 4 September for a period of around two months for restoration work after Typhoon Jebi hit Osaka.
Supply to the European acetic acid market should be back to normal in the final quarter of 2018, meaning at approximately the same level as at the end of the third quarter but decidedly improved on the situation in the middle of the year. So far as is known, no major maintenance programme is planned at the continent’s only world scale plant.
The prospect is for sustained demand in the last three months of 2018. Seasonally lower consumption of PET and therefore PTA should be largely compensated for by increased usage from the deicing sector, especially considering the harsh weather last winter. Underlying consumption of acetic acid continues to grow slowly but steadily.
Supply is expected to remain balanced and steady with increased demand for derivatives.
Demand is expected to remain steady during the fourth quarter with stable pricing and adequate supply.
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
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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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