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.
Updated to Q1 2020
Production was cut due to the coronavirus outbreak. While Saudi Arabia’s Petro Rabigh, Taiwan’s TPCC and Chang Chun Plastics, Thailand’s PTT Phenol had originally scheduled turnarounds in Q1, India’s Deepak Phenolics had an unexpected shutdown as the country entered a lockdown. China’s Sinopec Yanshan, and Huizhou Zhongxin shut down, while Chang Chun PC, Sinopec Mitsui Chemicals, PetroChina Jilin, Bluestar Harbin and Shiyou Petrochemical cut production.
Prices rose in January, from stocking up ahead of the Lunar New Year at the month-end. Most players expected a post-holiday price surge due to the slew of turnarounds scheduled in Q1, particularly at major exporters including Saudi Arabia’s Petro Rabigh and Taiwan’s TPCC and Chang Chun Plastics. However, due to the unexpected coronavirus outbreak, end-product demand plummeted, and post-holiday prices largely fell, except for a week where prices were bolstered by derivative IPA.
Availability declined in the first quarter amid a six-week outage of the region’s biggest plant, operated by INEOS Phenol in Antwerp, Belgium, which resulted in a lengthy force majeure. Imports were also limited as the coronavirus pandemic disrupted shipments from Asia. Later in the quarter producers Cepsa and Seqens declared force majeure. Covid-19 disruptions also led producers Borealis and INEOS to postpone turnarounds.
Demand was generally steady in the first quarter, with some areas seeing elevated consumption levels, particularly in the construction sector. Demand tapered off in some areas toward the end of the first quarter, when the coronavirus forced some factories to close and disrupted logistics, and as traders and businesses focused on other products used to make hand sanitizer.
Acetone supply was tight in Q1, a marked difference from the previous year, as antidumping duties (ADDs) against five countries (Spain, Singapore, Belgium, South Africa and South Korea) discouraged imports. No imports have been seen from these five countries since November 2019. With domestic suppliers providing material at minimum contract volumes and overall availability of spot material limited, price increases gained traction.
Demand from methyl methacrylate (MMA) was seasonally steady in Q1, but the coronavirus created headwinds in the housing and auto sectors. There was stronger demand from isopropanol (IPA) as demand for products like hand sanitiser grew. While there were concerns over a global recession as GDP forecasts were being revised downward, the markets overall remained bullish due to the tight supply picture.
We offer the following regional Acetone analysis and news coverage to keep you informed of factors and developments affecting prices in the Acetone marketplace.
More information about the price reports we publish on Acetone
Independent price assessments and market coverage by region
You might also be interested in the information we publish on these related products
You may also find useful
More information about the historical price data we publish on Acetone
Track historical price data
News & market analysis specifically relating to Acetone
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
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:
Information is accessed online, via the ICIS dashboard service and is configurable to suit your preferences.
Produced by the ICIS Consulting team, these reports give a robust rolling 12-month price forecast, trade balances and in-depth analysis into where markets are heading – providing a valuable tool to support your short- to medium-term plans.
ICIS pricing intelligence is delivered to you online via the ICIS dashboard. Here you can view your reports and also access other useful services including related news, analysis, historical data and market alerts.
ICIS dashboard also makes it easy for you to create pricing charts, download price history and export data to create tailored analytical models.
ICIS weekly margin reports deliver the detail you need to understand how production costs and prices are affecting margins, enabling you to judge the likely impact on your business and optimise your upstream and downstream business decisions.
The Supply and Demand Window on the ICIS Dashboard provides a snapshot view of historical and forecast information for supply and demand, production capacity and trade flows – a key tool to help safeguard future investments within the chemicals market.
24-hour global coverage of breaking news in the petrochemical industry, including updates on production, shutdowns and key transacted deals, keeping you informed of market developments as they happen. The ICIS news service allows you to customise the market alerts delivered to your email inbox, providing the business-critical information you need straightaway.
An expert view of supply and demand comprising four fully-reconciled databases, giving you access to extensive data for more than 100 markets. Information is included on global and regional trade flows, production, capacity and sources of demand in the short-, medium- and long-term. Data can be downloaded, customised and queried to support your planning requirements and your strategic decisions.
ICIS provides specialist training courses across the global petrochemicals, base oils and fertilizers industries. Our training team of industry experts can help you increase your knowledge of the industry and gain the insight and know-how needed to operate and trade effectively.
ICIS produces a series of highly informative and timely conferences. Extensive research is carried out to ensure that each programme delivers the information you need and addresses current industry issues. We source speakers who have the appropriate expertise and experience to deliver excellent quality papers.
Working closely with you to understand your strategies, challenges and ambitions, the ICIS consulting team deliver tailored advice and solutions to suit your unique requirements. With many years’ experience of guiding business leadership teams, we show you how market conditions can make a positive or negative impact on your long-term plans.
ICIS expert consultants can provide your organisation with the insight, intelligence and data needed to build and grow your business in China. We can help you to gain a clear view on the short and long-term supply and demand picture in the chemicals, energy, iron and steel, non-ferrous metals and paper and pulp markets in China.
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 Acetone, 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.
The main use of acetone, accounting for over a quarter of total consumption, is in the manufacture of acetone cyanohydrin, a feedstock for methyl methacrylate (MMA). The other major and fast growing derivative is bisphenol-A (BPA).
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.
MOSCOW (MRC)--Kazanorgsintez has restarted some of its low density polyethylene (LDPE) production capacities after a turnaround, according to the ICIS-MRC Price report. The plant’s customers said...Read
SINGAPORE (ICIS)--Asia’s consumption for many plastics would be limited even as countries ease their lockdowns gradually, as the uncertainty surrounding the new norm in a yet-to-foreseen success...Read
SINGAPORE (ICIS)--Watch industry analyst Olivia Dai discuss China's MMA market which has seen prices increasing on the back of surging feedstock prices and shrinking supply. Feedstock acetone prices...Read
LONDON (ICIS)--Poland’s PKN Orlen said on Tuesday it has purchased a licence and basic design from Badger Licensing for an isopropanol (IPA) installation. If Orlen decides to go ahead with the...Read
Safeguard your future with the opportunity to discuss your expectations and learn from industry experts at The ICIS 2020 World Phenol-Acetone Conference, a biennial event in the calendar of professionals across the globe. You can get face-to-face time with existing suppliers or explore new business opportunities to initiate future connections.
As a global event, a worldwide perspective is reflected throughout agenda topics, speakers and attendees. With content covering regional trends and their impact globally, you can expect to gain insight on a variety of relevant topics