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 Q4 2018
Acetone supply in Q4 was ample, outweighing the demand. This was despite the slew of turnarounds. The average run rate in China was increased, while India’s Deepak Phenolics’ production stabilised after starting up in August. The mid-point was at $580/tonne CFR CMP on 5 October and slid to $410/tonne CFR CMP on 21 December. In India, the mid-point was at $530/tonne CFR India on 3 October and down to $407.50/tonne CFR India on 19 December.
Acetone demand in Q4 was subdued, as the cooler weather curbs downstream consumption such as the painting and printing projects. Downstream products like BPA, IPA, MIBK, MMA and PMMA consistently underperformed. Demand was further curbed by the weak sentiment, as upstream benzene and propylene price downtrend surfaced. In India, the import demand was severely reduced by the start-up of domestic producer, Deepak Phenolics. Most buyers sought local volumes for their lower prices and faster deliveries.
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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