For clear insight into regional Acetone markets, you need in-depth price reports direct from those regions.
That’s why ICIS maintains a network of locally based reporters, providing not just price assessments but market commentary and analysis.
Updated to Q3 2018
Asia Acetone supply was mixed in the third quarter. Buying activities were subdued during summer, as the high heat typically impedes production and downstream paint and coating demand. However, domestic production levels in China were kept healthy due to strong co-product phenol margins. In August, supply tightened, as some local plants were shut. However, availability of deep-sea cargoes surfaced in September. European cargoes were available, as margins were poorer on that continent. Supply in Asia lengthened.
China’s prices started the third quarter largely stable. Summer heat typically impedes production and downstream paint and coating demand. Environmental checks conducted by government bodies at downstream factories caused demand to dip further. Persistent slides in domestic Chinese currency against the US dollar clipped importers’ purchasing power. Towards August, though demand was lacklustre, prices rebounded, due to tight supply during turnarounds. As summer ends in September, prices did not rebound as expected as deep-sea cargoes became available.
We offer the following regional Acetone coverage to keep you informed of factors and developments affecting prices in the Asia Acetone marketplace.
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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).
The ICIS Asia weekly acetone report provides key price quotes for China and southeast Asia (SE Asia).
We provide information on deals, bids and offers, which form the basis of the published assessments and bring other factors behind the price movements.
Feedstock benzene and propylene are tracked and an overview of key downstream markets is provided.
Understanding the key cost & freight (CFR) China spot market is complex because of a variety of anti-dumping duties leveraged by the Chinese government.
To provide greater clarity for subscribers, ICIS provides a normalised CFR China quote based on 0% anti-government duty and a 5.5% import duty.
This has been well received by our subscribers as a valuable alternative to the existing benchmark CFR China quote.
We communicate with a wide section of market participants, producers and traders and continue to deliver accurate assessments each week.
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