Acetic Acid Price, Monitor, Market analysis & Demand

North America

The North American region observed a stable supply of Acetic Acid during the current quarter of 2023 (Q4) with the plants operating at a consistent pace. However, the demand from the downstream industries was lacklustre, especially from the construction industry, resulting in a decline in prices. 



The high level of inventories in the market further added to the pressure of lower prices. The reduced demand from original equipment manufacturers (OEMs) producing coatings for furniture, doors, windows, and cabinets in the residential construction sector also contributed to the decline in demand. The prices of feedstock Methanol remained on the lower end, but the production of natural gas remained stable, providing lower cost support.

In the USA, the prices of Acetic Acid experienced a downward trend, mainly due to the reduced demand from the downstream construction industry. The demand from the international market is expected to remain firm, and the inventories level in the market is likely to remain high. The current quarter's  Acetic Acid Price DEL Texas in the USA is USD 600/MT.

APAC

The Q4 2023 for Acetic Acid in the APAC region has been affected by several factors. Firstly, the high level of inventories in the market has led to lower prices. Secondly, the rise in production costs due to an increase in prices of natural gas and coal has also impacted the market. Thirdly, demand from the downstream industry has been weak, leading to a decline in prices. South Korea has seen the most significant changes in prices with a -38% decrease from the previous quarter, a -33% decrease in price between the first and second half of the quarter, and a -19% decrease from the same quarter last year. The primary reason for the decline in prices is the shutdown of LG Chem's Acetic Acid plant in Daesan, which has led to a supply shortage in the market. The quarter ending price for Acetic Acid (Glacial) FOB Busan in South Korea is USD 496/MT.

Get Real Time Prices Of Acetic Acid Price:- https://www.chemanalyst.com/Pricing-data/acetic-acid-9

Europe

The European market for Acetic Acid in Q4 2023 saw stability due to consistent imports, with prices remaining unchanged as compared to the previous quarter. The market was influenced by heavy destocking activities, high inventories, and rising production costs due to increasing natural gas prices. Feedstock Acetic Acid prices also increased, which eventually transmitted downstream through the supply chain. The Belgium market saw stability in Acetic Acid prices due to consistent contract prices of Feedstock Methanol. However, the quarter saw a decline in prices as compared to the same quarter of the previous year. The quarter-to-quarter comparison showed a 12% increase in prices, while the price comparison between the first and second halves of the quarter showed a 13% increase. The primary reason for the market stability in Belgium was the high level of inventories, which led to lower prices. The quarter saw no plant shutdowns. The current quarter ending price of Acetic Acid (Glacial) FD Antwerp in Belgium is USD 774/MT. 

MEA

The Q4 2023 for Acetic Acid in the Middle East and Africa region was characterized by stable prices. The market situation was steady, and moderate supply and demand levels were observed. The top reasons that impacted the market were the expected continuity of robust demand from the international market, reduced market inventories attributed to the onset of the festival season, and the anticipated increase in coal prices that would lead to higher production costs. In Saudi Arabia, Acetic Acid pricing showed a 7% increase from the previous quarter, with a stable market situation and moderate supply and demand levels. The percentage change in the price from the last year's same quarter was -19%. The price percentage comparison of the first and second half of the quarter was 7%. The high inventory levels influenced reduced pricing, and the expected rise in methanol, a key feedstock, is likely to influence Acetic Acid prices soon. The latest/quarter ending price of Acetic Acid FOB Al Jubail in Saudi Arabia is USD 394/MT. Overall, the stable market situation, moderate supply and demand, and anticipated market factors impacted Acetic Acid pricing in the MEA region.

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