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Updated to Q2 2019
Supply is expected to steadily rebalance through the quarter as planned cracker maintenances are due from mid-April with an especially tight period expected in May when maintenance at two of Europe’s largest crackers overlaps. Market players are generally well-prepared but supply could tighten quite quickly if there are unplanned issues, or cracker restart delays.
The second quarter is traditionally peak season for demand, so many sources expect this to be the case this year. However, derivative producers have also prepared inventories with the upstream cracker turnarounds in mind. Uncertainties over global demand developments might to impact European derivatives especially given Europe’s high cost position relative to the rest of the world.
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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