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 2021
Supply tightened as US-based Olin and Shell shut. China’s Cepsa Quimica and Sinopec Mitsui ran at reduced rates post-restart from a mid-January power failure. Taiwan Prosperity Chemical Corp shut from late January to H1 February post-power trip; compatriot Formosa Chemicals and Plastics Corp shut for three weeks starting March. Japan’s Chiba-based Mitsui Chemicals shut from mid- to end-February from an earthquake-related power outage. South Korea’s Kumho P&B shut for 4-5 days in mid-March.
Several downstream plants were running during the holiday. Subsequently, prices soared from increased spot demand for Asia-origin cargoes amid global outages especially after the Gulf Coast polar storm. US-based Olin and Shell shut, amid turnarounds across northeast Asia and Middle East.
The acetone market tightened throughout Q1 although the start of January saw Borealis lift a force majeure on acetone and phenol production that had come into effect on 28 December. Feedstock restraints restricted output at non-integrated players as refinery rates were lowered due to lockdowns. Imports fell during the quarter because US production declined following February’s polar ice storms. There were fewer exports as the domestic market tightened.
Acetone demand was healthy in Q1 as several downstream sectors pulled hard on contract volumes. Demand for spot was healthy overall, although there were some quiet weeks and demand into the solvents sector was mixed at stages. BPA demand was strong with both its downstream sectors running hard and the MMA market was also healthy. Dow’s force majeure and Roehm’s ongoing sales control were both in place at the end of Q1.
Supply was very short, with both contract and spot availability challenged and imports limited. Three producers were on force majeure. Spot barge material was hard to find and spot truck material fetched very high premiums. Issues with acetone continued to plague the MMA market, although it was heard that a MMA producer secured all of their acetone supply for April.
Demand outpaced supply, with supply security taking on high priority. Spot material was scarce and tanks were empty. Consumption into MMA was heavily curtailed due to acetone shortages and heavy MMA outage activity. The winter storm impacted auto production due to the shortage of chemicals. Other end-users also curtailed production due to the lack of one or more raw materials.
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.
HOUSTON (ICIS)--Shell will sell its interest in the Deer Park Refining Limited Partnership to partner Pemex, while retaining its chemicals operations at the same location, the company said in a...Read
HOUSTON (ICIS)--Vessel and barge traffic on the Mississippi river remains suspended because of a damaged bridge spanning the waterway, and a prolonged blockage could put additional pressure on...Read
SINGAPORE (ICIS)--Mitsui Chemicals’ net profit for the fiscal year ending March 2021 posted 70.3% growth despite lower sales, as profitability of its basic materials business benefited from better...Read
BARCELONA (ICIS)--The closure of the Suez Canal is heaping further pressure on chemical supply chains which are already suffering from product shortages amid strong demand. Suez blockage adds to...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