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.
Updated to Q4 2018
The European acetic acid market continued to re-balance in the fourth quarter of 2018. Previous production outages had ended around the middle of the year, and more ample availability was reflected in a decline in contract and spot prices. However, some dislocation was apparent in November and December because of the water levels in the Rhine, which caused a general logistical crisis. The inability of larger barges to access river ports constrained supply to some extent.
Demand for acetic acid in Europe was rather better in the final quarter. Suppliers at times were surprised at the vigour of demand, although this may have reflected a desire to re-stock after the shortages earlier in the year. It is difficult to gauge how underlying consumption fared, as demand offtake for materials used more in the warmer months tailed off but demand from the de-icing sector was probably a tad slow to take off while mild weather persisted.
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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Acetic acid, a clear colourless liquid with a pungent odour, is used as a chemical intermediate and solvent with widespread applications throughout industry.
ICIS covers acetic acid spot price assessments for northeast Asia (NE Asia), southeast Asia (SE Asia), south Asia, China on a cost & freight (CFR) basis.
ICIS checks and quotes ex-tank prices for the key east China market in yuan, as well as the free on board (FOB) China price, because of the growing importance of the China export market.
The commentary explains the drivers behind price movements and covers bids, offers and spot transactions.
The status of contract price negotiations is also monitored and discussed.
ICIS keeps a close eye on all scheduled outages and reports on any production problems to ensure that subscribers have the information they need.
Fluctuations in key feedstock methanol can also have a big impact on acetic acid prices.
These factors are all tracked in the report, together with monthly trade statistics and freight rates, making it an important and key reference tool for our customers and the industry.
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