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Updated to Q3 2021
The market will be balanced in Q3, but will be longer than in Q2. The supply situation depends on how long the Borealis force majeure remains in place and if Versalis comes out of its maintenance on time. There is also planned maintenance to come in Q3 at Seqens’ and PKN’s plants. Regular imports are expected (logistics allowing) and exports are likely to continue throughout the quarter, as phenol demand remains healthy (meaning plenty of acetone) and upstream run rates improve.
Demand should be strong at the start of Q3, although this will drop off seasonally as the summer holidays begin, especially in the solvents sector. However, much depends on how long downstream manufacturers choose to stop production, or if they need to work through any order backlogs. Also, demand could be boosted if staycations replace vacations. MMA and BPA fundamentals look strong, but automotive and construction sectors are forecast to see slower demand in Q3.
We offer the following regional Acetone coverage to keep you informed of factors and developments affecting prices in the Europe 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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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