Acetic Acid Price Trend and Forecast

Acetic Acid Regional Price Overview

Get the latest insights on price movement and trend analysis of Acetic Acid in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

 

Acetic Acid Price Trend for the Q3 of 2024

Product	Category	Region	Price	Time Period
Acetic Acid	Chemicals	India	424 USD/MT	July’24
Acetic Acid	Chemicals	India	440 USD/MT	September'2024
Acetic Acid	Chemicals	China	444 USD/MT	July’24
Acetic Acid	Chemicals	China	452 USD/MT	September'2024

Stay updated with the latest Acetic Acid prices, historical data, and tailored regional analysis
 

Asia

In the early phase of Q3 2024, the Indian acetic acid market saw an upward trend in prices as demand began to recover. There was a slight 1% month-on-month dip in the ethyl acetate-acetic acid spreads, attributed to minor price declines in both ethyl acetate and acetic acid from June to July. However, Following the anticipated price increase that took effect in July, acetic acid prices rose steadily, improving profitability for producers. Ethyl acetate prices also showed signs of stabilization, contributing to a slight widening of the spreads. This period of rise seemingly lasted short, as the gap between the upstream and downstream market outlooks receded again in the latter half of the quarter.
 

Acetic Acid Price Chart

Please Login or Subscribe to Access the Acetic Acid Price Chart Data
 

The monthly average prices in the Indian market went from about 424 USD/MT (CIF) in July’24 to around 440 USD/MT (CIF) in September of 2024; with the quarterly peak seen in July, the overall market outlook remained optimistic. In the Chinese acetic acid markets too, similar fluctuating trends were observed, with a notable rise in the first half and then rapid stabilization afterward. China accounts for about 55% of global acetic acid capacity, therefore, the pant utilizations and shutdowns here also influenced these variations in the acetic acid’s price trajectory here. In China, the average monthly prices stood at around 444 USD/MT in July’24, and after rising by about 8% in the first half of Q3, the average monthly prices settled at about 452 USD/MT in September of 2024.

Europe

In the European acetic acid markets, the suppliers were facing a lot of downward pressure from the consumer section. Around 20% of the global acetic acid is used in the production of PTA. In Europe, capacity reductions and plant closures of the downstream purified terephthalic acid (PTA) and PET sectors severely affected the overall demand outlook for acetic acid. Existing freight challenges and shipment issues were somewhat mitigating the cost dynamic, but the general market sentiments remained wavered.

North America

The North American market showed a different trend than other global markets. The price of acetic acid showed an optimistic trend. The prices of methanol rose in the North American market, providing some cost support to the price of acetic acid as the demand was limited and the domestic acetic acid production was slow. Another reason for enthusiasm in the market was the resumptions of normal operations by Celanese Corporation. In mid-August, the company ended the force-majeure declared for acetic acid and vinyl acetate monomer (VAM), which it announced in June this year. This also helped to stabilize the supply of acetic acid in the market. Overall, a moderate performance was witnessed.

Analyst Insight

According to Procurement Resource, the price of acetic acid is expected to remain stable as the supply and demand gap in the acetic acid markets is seemingly receding.
 

Acetic Acid Price Trend for the Q2 of 2024

Product	Category	Region	Price	Time Period
Acetic Acid	Chemicals	China	454 USD/MT to 448 USD/MT	Q2'2024

Stay updated with the latest Acetic Acid prices, historical data, and tailored regional analysis
 

Asia

In Asian countries, particularly China, the tone of acetic acid prices was slightly bearish, as in the second quarter, they declined from a monthly average of 454 USD/MT to 448 USD/MT. This almost stagnation of the market was due to the presence of ample inventories to cater to the demand from the downstream industries in both domestic and overseas sectors.

Although, in the month of June, the main factories in Hebei were non-functional due to maintenance shutdowns, its impact on the acetic acid pricing trajectory was only minimal. As the quarter approached its termination, the enthusiasm of the downstream industries also wore off, exerting a negative influence on the market momentum of acetic acid, evident in the sluggish behavior of its prices.

Europe

In the second quarter of 2024, the acetic acid market in Europe, particularly in Belgium, remained stable, supported by steady methanol prices and sufficient market stocks. The consistent demand from the construction sector, escalated by increased foreign direct investment, maintained positive market sentiment. The European Central Bank's interest rate cut further boosted confidence by lowering mortgage rates, supporting a substantial growth in demand. However, import prices rose due to increased expenses from China, exacerbated by disruptions in the Red Sea region.

These disruptions caused shipping delays and increased insurance premiums, affecting global supply chains. Even after this, European production of acetic acid remained in the positive direction, driven by strong demand for derivatives like ethyl and butyl acetate used in construction. The positive economic indicators, such as stable inflation, supported market stability, though challenges persisted with rising construction and renovation costs.

North America

The US acetic acid market experienced significant price increases in the second quarter of 2024, driven by high methanol feedstock costs and robust demand from the manufacturing and construction sectors. The conclusion of Europe's heating season reduced natural gas demand, lowering production costs temporarily. However, rising crude oil prices and persistent demand from downstream sectors pushed acetic acid prices higher towards the end of the quarter.

Domestic plants have managed to meet both local and international demands despite increased methanol prices. Early in the quarter, weak demand led olefin factories to scale back methanol procurement, but a subsequent surge in inquiries for ethyl and butyl acetate strengthened the acetic acid market.

Analyst Insight

According to Procurement Resource, the price trend of Acetic Acid is expected to incline in anticipation of continued high prices supported by the strong downstream demand for acetates. Further, the expected global economic recovery will likely keep natural gas prices elevated and production costs high into the third quarter, bringing optimism to market participants after recent declines.
 

Acetic Acid Price Trend for the Q1 of 2024

Product	Category	Region	Price	Time Period
Acetic Acid	Chemicals	China	454 USD/MT	January 2024
Acetic Acid	Chemicals	China	425 USD/MT	March 2024
Acetic Acid	Chemicals	India	495 USD/MT	March 2024

Stay updated with the latest Acetic Acid prices, historical data, and tailored regional analysis
 

Asia

In Asian countries, acetic acid prices were able to maintain a stagnant trend throughout the first quarter as the spot prices in China moved from approximately 454 USD/MT in January to 425 USD/MT in March’24. This static movement of the market was attributed to excessive inventories and a rise in the cost of production due to the inclining prices of crude oil.

The OPEC+ regulations also played a significant role in shaping the trajectory of acetic acid prices as they regulated the export rates of crude oil. Further, the downstream industries, such as ethyl butyrate and its derivatives, also presented only limited demand for the commodity. However, the trajectory of acetic acid spot prices in India fluctuated on the lower end of the spectrum as the end user industries projected a positive influence on the pricing patterns, but the raw material market extended limited support only.

Europe

In European countries, the consistency in the pricing movement of acetic acid was carried forward from the previous quarters in the first quarter of 2024, too. The reduction in the reliance of consumers on overseas imports and shifting of their interest towards the domestic producers amid the rising tensions at the Red Sea route, favored the uptick in the acetic acid price trajectory. However, the feedstock and energy production industries offered only limited support to the market, limiting the upward movement of its price trend in the aforementioned period.

North America

In the US, acetic acid prices remained stable due to consistent market dynamics, including steady methanol prices and the smooth influx of natural gas and crude oil in the region. Also, the rise in the demand from industries like ethyl acetate and butyl acetate further influenced the uptick in the acetic acid market.

However, despite challenges like fluctuations in feedstock prices and shortages of skilled labor in the construction industry, the market was able to showcase an overall positive movement throughout the first quarter. While the construction industry faced setbacks during past economic downturns, current economic growth suggested sustained growth, contributing to an optimistic trend in the pricing trajectory of the acetic acid market.

Analyst Insight

According to Procurement Resource, the price trend of Acetic Acid is expected to move in the northward direction as the downstream industries are estimated to present with consistent demand and the feedstock prices might also rise in the forthcoming quarters.
 

Acetic Acid Price Trend for the October - December of 2023

Product	Category	Region	Price	Time Period
Acetic Acid	Chemicals	China	USD 459/ton	Q4 2023
Acetic Acid	Chemicals	India	USD 499/ton	Q4 2023

Stay updated with the latest Acetic Acid prices, historical data, and tailored regional analysis
 

Asia

In Q4 2023, the acetic acid market in China experienced significant fluctuations. The prices for acetic acid in India were around USD 499 per ton. Additionally, the prices in China were USD 459/ton for acetic acid in the fourth quarter of 2023. The quarter started with a decline in acetic acid prices. However, in November, the market stabilized with prices fluctuating within a moderate range.

Early December witnessed a notable surge due to supply constraints and strong downstream demand. This upward acetic price trend was short-lived, as prices adjusted downwards in the latter half of December, closing the quarter with a notable decrease. The Q42023 was characterized by a zigzag pattern in price trend for acetic acid in China predominantly on the lower price scale as compared to the second quarter of 2023.

Acetic Acid price trend in Europe showed an oscillatory trajectory throughout the fourth quarter of 2023. The prices kept fluctuating amidst highs and lows majorly on the back of supply outages and dampened demand from the downstream industries. Compared to the third quarter the prices dwindled for acetic acid in the European market.

North America

In the US, acetic acid price trend remained stable in the fourth quarter of 2023, largely influenced by consistent methanol costs and rangebound natural gas prices, which are key in acetic acid production. Import prices, especially from major producers like China, were stable, contributing to a well-stocked market. However, despite this overall stability, the downstream demand for acetic acid, particularly in sectors like ethyl and butyl acetate, faced a downturn, primarily due to a slowdown in the construction industry. This reduced demand in key downstream industries, coupled with sustained high-interest rates aimed at curbing inflation, potentially impacted the purchasing capacity within these sectors, leading to a complex market scenario as the year concluded.

Analyst Insights

According to Procurement Resource, the Acetic acid price trend is expected to show minimal to moderate hike in the forthcoming quarter. However, the prices would majorly see a nosediving trend on the whole, at least in the initial part of the quarter.
 

Acetic Acid Price Trend for the July - September of 2023

Asia

The acetic acid price graph showed a persistent escalation in the Asian market during the said period of Q3’23. The Chinese economy performed relatively better in the third quarter than the second, which directly indicates a rise in industrial and manufacturing activities. The regional prices for Acetic Acid followed the same suit, and the price index rose for the entire period of three months from July to September.

In the Chinese domestic market, with an inclination of about 10%, the Acetic Acid prices rose from about 410 USD/MT in July’23 to about 455 USD/MT in September’23, and the price forecast suggests further growth in the Acetic Acid price trend.

Similarly, with an approximate appreciation of about 11%, the Acetic Acid prices in the Indian domestic market escalated from about 432 USD/MT in July to about 480 USD/MT in September. Overall, very positive market trend were observed for Acetic Acid during the said period.

Europe

The European price trend for Acetic Acid conflicted with the price index of the Asian market for the said period. Manufacturers were struggling with surging interest rates amidst high inflation. The economic outlook of the region was also not yet completely supportive of trading practices as the war between Russia and Ukraine was still going strong. The Acetic Acid price trend experienced a persistent downfall throughout Q3’23.

North America

The North American market trend for Acetic Acid almost mirrored the European market trend. The prices remained on a downward trajectory in the American market, too, since the interest rates were high here as well, and the upstream cost support from the feedstock side was feeble. Overall, underwhelming performance was observed by Acetic Acid on the price index.

Analyst Insight

According to Procurement Resource, the Acetic Acid price analysis suggests escalations in the price trend going forward. The Asian markets are on the rise, and the Western markets will also aim for stabilization.
 

Acetic Acid Price Trend for the First Half of 2023

Asia

In the Asia-Pacific market, acetic acid prices oscillated throughout the initial quarters of 2023. The trend followed an upward trajectory till mid-Q2 as the spot prices in China went from around 425 USD/MT in January to about 470 USD/MT in May’23. This rising trend was majorly due to stable demand and sufficient feedstock availability in the region.

The high production rates from the downstream industries also supported this increasing trend. However, acetic acid prices failed to keep up this momentum, and the Chinese June spot prices fell to 430 USD/MT. The downstream demand from the EVA and allied markets suffered. Further, many plants shut down for maintenance purposes. This sudden change in the market dynamics negatively affected the price trend for acetic acid in the region.

Europe

In Europe, the prices of acetic acid escalated sharply due to the soaring prices of feedstock materials. The demand for acetic acid and its derived commodities also increased in the region, and in addition to this, the supply chain dynamics remained strong in H1’23. The economics of vinyl acetate monomer, acetic anhydride, and acetate market also improved, thereby driving the price trend of acetic acid in the market.

North America

The North American region did not follow the steps of its European and Asian counterparts, as the acetic acid market remained weak in the region in 2023. The price trend suffered from the reduction in demand and stagnant behavior of end-user industries. The manufacturing activities took a toll as the US region witnessed banking crises. The situation was fueled by reduced offtakes and sluggish trend adopted by the acetate, vinyl acetate monomer, and other related industries.

Analyst Insight

According to Procurement Resource, acetic acid prices are expected to oscillate in the upcoming quarter. Given the current economic conditions, the markets cannot sustain these high prices for long and will eventually strive for equilibrium, given all the other market variables are constant/ stable.
 

Acetic Acid Price Trend for the Second Half of 2022

Asia

The prices of acetic acid steadily declined throughout the third quarter. This decline was attributed to a number of factors which affected the pricing fundamentals in both the domestic as well as international market. The government-mandated shutdowns and production cuts in China affected the overall market dynamics in the Asia-Pacific region.

With a series of typhoons in South Korea and Japan; transportation and logistics were drastically affected. Hence, all these factors coupled with the weak demand caused the prices to fall averaging 473.21 USD/MT (Spot China) towards the end of September’22. The same downward price trend continued in the fourth quarter as the market fundamentals were still reeling under the stresses of economic backlash. The price of acetic acid finally settled at 421.48 USD/MT (Spot China) towards the end of December’22.

Europe

The price of acetic acid rose to astounding highs in the domestic European market. The economic and political backlash unleashed by the Russia-Ukraine conflict deeply impacted the trade of the entire European region. The high crude and gas prices caused the manufacturers to either cut their production or raise their quotations. Also, the heatwaves caused the water level to shrink in the Rhine River-Western Europe’s most important waterway thereby drastically acutely affecting the trade.

More than 80% of Germany’s water freight depends on it and shipping problems caused massive issues with the country’s economy which was already reeling under the stress of supply chain disruptions. The price of acetic acid averaged around 1419.23 USD/MT (CFR Italy) in September’22. The same trend continued through the fourth quarter, however, comparatively cheaper imports from the Asia-Pacific region aided the European market.

North America

Owing to the strong speculations of a looming recession the US market suffered immensely. The demand dwindled causing the manufacturers to cut production. The firms initiated destocking to make room for new production. The price trend for acetic acid weakened throughout the third quarter as sufficient upstream cost pressure was not provided along with reduced offtakes. Even though the crude oil and gas prices stabilized in the fourth quarter the prices did not increase due to the sluggish demand.

Analyst Insight

The prices of acetic acid are likely to increase during the coming month given the strong market sentiments and increased demand from the paints and coatings industries.
 

Acetic Acid Price Trend For the Second Quarter of 2022

Asia

The average price of acetic acid is constantly fluctuating in the Asian market. The cost of acetic acid in the Chinese market went from 774 USD/MT (April) to 718 USD/MT towards the end of this quarter. This sharp decrease in the market was caused by the reduced export volumes and overflooding inventories.

Amidst the declining demand from the downstream sectors, many manufacturing units such as Yangtze INEOS and Celanese Nanjing restarted their production, causing excessive supply in the market. The sellers were forced to sell the product at a lower price to eliminate the stockpiles and make room for new developments in the next quarter.

Europe

The European picture was quite the opposite to its Asian counterpart. The price trend of acetic acid remained strong. Owing to the ongoing Russia-Ukraine confrontation, crude oil prices hit a new maximum, thereby increasing the energy costs in Europe.

Also, the supply chain disruptions because of shortages in the global supply of critical raw materials like methanol due to rising freight charges and transportation costs aided the prices to grow staggeringly high. Acetic acid price per ton averaged 1851 USD- 1975 USD as of June 2022.

North America

Amid the already constricted supply and strong demand from the end-user industries, acetic acid prices rose consistently. Despite the overflowing volumes in the Chinese market, many manufacturers in China could not fulfil their contracts with their USA counterparts (force majeure), creating further shortages in the US market.

Analyst Insight

According to Procurement Resource, the price trend for acetic acid will likely register a downward trend in the upcoming months. With the easing up of supply chains and opening of ports, the upstream cost pressure will finally stabilize. Also, the dwindling market demand will cause the prices to crash, leading to stockpiling inventories.
 

Acetic Acid Price Trend For the First Quarter of 2022

Asia

Acetic acid prices were on the rise towards the end of March, rising from 4250 RMB/MT to 5220 RMB/MT. In a single day, the average market price in East China jumped by 2.82%.

The supply of the chemical in East China was restricted due to the overhaul of the chemical in Nanjing Acetyl and Shanghai Huayi, which raised the industry's attitude. In other sections of the country, quotations were raised, and downstream on-demand was rationally purchased. Rising demand for the product from Vinyl Acetate Monomer (VAM) companies throughout the world was a major driver of market expansion. VAM utilises the vast bulk of the chemical generated across the world.
 

Acetic Acid Price Trend For the Fourth Quarter of 2021

Asia

In the fourth quarter, falling demand lowered the price of acetic acid in Asia. Due to weakening demand from downstream sectors and sufficient supplies, Chinese acetic acid prices fell cumulatively this quarter. Laxmi Organics, a leading Indian company, was seen importing large quantities of the chemical from Celanese PTE Ltd. to meet their acetyl derivatives demand.

In the near term, a drop in Chinese acetic acid prices is projected to keep downward pressure on both imported and local offers. The negative supply of the chemical in the global region, as a result of weak export activity in India, South Korea, and Belgium, had an impact on prices. The derivative prices, primarily ethyl acetate and butyl acetate, have also been stabilised. Acetic acid prices in China were 970 USD/MT FOB Qingdao in the last week of December, with prices ranging between 956 USD/MT and 977 USD/MT through the quarter.

North America

With poor demand and ample supply in North America, the price trend has been steadily declining. However, when compared to the same year's Q2 and Q3, the prices were on the high side. Prices have risen because to limited supplies and concerns about the omicron Covid-19 version. Although US production of the chemical gradually resumed, accessible amounts for export to Europe remained limited. This was due to poor production rates caused by difficulty obtaining raw materials such as methanol, as well as regular maintenance. Acetic acid prices in the US market were 1450 USD/MT FOB Texas and 1476 USD/MT FOB Louisiana.

This pricing trend was noticed as demand recovered in the domestic market of the United States. Upstream methanol production on the Gulf Coast of the United States ran at a high level of efficiency, as supply improved in response to recovering acetic acid demand. Major market participants carefully managed their plants in accordance with market demand. Demand for downstream ethyl acetate and butyl acetate was modest at the start of the new year, with demand falling seasonally.

Europe

Acetic acid prices in Europe spiked in October and November before beginning to fall in December. In October and November, Germany's rates were 1805 USD/MT DDP Hamburg and 1845 USD/MT DDP Hamburg, respectively. Acetic acid prices increased to multi-month and multi-year highs across Europe as a result of a global supply shortage. The situation was made even more challenging by long transportation periods and restricted freight capacity.

The supply chain was at risk, with reduced container availability and rising freight costs. In December, low demand and enough supply caused the price to fall to 1824 USD/MT DDP Hamburg. During this time, the price of feedstock methanol and coal fluctuated, affecting the price of the chemical. Consumer demand for downstream derivatives such as ethyl acetate and butyl acetate was poor, and consumers began to purchase on a need-to basis. New orders were restricted, according to market participants, and inventory levels were high.

Latin America

At the end of the year 2021, the price was recorded at 470 USD/MT in Mexico due to a healthy demand from end-use segments.
 

Acetic Acid Price Trend For the First, Second, and Third Quarters of 2021

Asia

Throughout the quarter, the supply of the chemical improved, but stayed balanced, as several key plants in China restarted after a turnaround since late December. The demand in the APAC area was driven by steady consumption from downstream sectors. Increased prices in the Asian market were caused by increased demand and the lack of supply. Prices in India also continued to rise, with an average of 982 USD/MT on CFR JNPT basis. Due to the rise in the price of the feedstock methanol, the Asia Pacific market saw an exponential growth in its prices in the third quarter of 2021.

Furthermore, in China, the shutdown of the Ningbo-Zhoushan port for nearly two weeks in August, as well as congestion at the country's other ports, caused a disruption in the supply chain, affecting the chemical's availability in the region. Furthermore, in July, the plants in Guangxi and Anhui Huayi were shut down for around 3-4 weeks for maintenance, adding to market tightness.

Due to a container shortage in India, high freight charges contributed to the quarter's rising price trend. Acetic acid prices increased by 211.29 USD/MT in September, bringing them to 1371.91 USD/MT for the first time since July. Due to China's zero-tolerance coronavirus policy, prices in the country were variable. In September, the monthly average price FOB Qingdao was 1110 USD/MT, up 25 USD/MT from August's price.

North America

During the first quarter of 2021, regional supplies were tight due to the limited availability of feedstock and rising methanol costs. Due to adverse weather conditions in Texas and the Gulf of Mexico, Celanese declared force majeure in mid-February and postponed the expansion of its new acetic acid facility due to unfavourable market conditions.

In mid-February, CFR New York acetic acid prices were around 930 USD/MT, while FOB Texas settlements were rangebound between 775-780 USD/MT due to persistently tight supply. However, demand remained buoyant as major economies across the world normalised, owing to a robust increase in downstream VAM consumption as well as for delivering anticipated export orders. After Hurricane Ida interrupted many manufacturing sites in August, acetic acid supply remained limited throughout North America.

Due to severe climate crises, the industrial infrastructure in the US Gulf region remained closed, resulting in a demand-supply imbalance. During Q3, demand for the chemical and downstream goods was considered modest in both the domestic and international markets. In addition, leakage at LyondellBasell's Texas plant in July, as well as concerns about delta variant spread, weighed on market sentiments.

Increases in raw material prices continued to have an impact on acetic acid pricing all across the world. FOB U.S.A. acetic acid prices soared to 430 USD/MT in September, demonstrating a persistent increase since July, owing to a constant supply shortfall. The demand was increased by steady consumption from downstream VAM and acetic anhydride segments, which raised regional offerings at the time.

Europe

Supplies in the European region were tight in the first quarter of 2021, as imports from the United States were limited owing to plant disruptions, followed by sharply rising costs in the region. Although, the increased demand from downstream acetate sectors boosted overall demand.

Due to intense rivalry in the local market, dealers in northwest Europe were keen to get additional volumes, resulting in acetic acid price increase across Europe. Due to the shutdown of LyondellBasell's La Porte facility, one of the world's largest suppliers of acetic acid, the supply in the European region constricted in the third quarter of 2021.

LyondellBasell's factory was one of the most important exporters of acetic acid and VAM, hence its closure had an influence not just on the European market but also on the global market for the chemical. Furthermore, the Meishan terminal at Ningbo port was overburdened, resulting in a raw material shortage in Europe. Raw material price increases, combined with increased demand for downstream products, continued to cause ripples in the region's acetic acid pricing. In the fourth quarter, DDP-Germany increased monthly average pricing by 110 USD/MT.

Latin America

In 2021, the price remained relatively stable at 470 USD/MT Mexico, as a result of a healthy demand from the construction sector and the growth in the textile sector.
 

Acetic Acid Price Trend For the Year 2020

Asia

As several plants resumed operations and ramped up production following protracted delays in several regions of Southeast Asia, the Asian market grabbed the lead in the third quarter due to robust demand from the downstream industries. In Q3 2020, Chinese acetic acid operating rates improved significantly, staying around 80-82%, compared to the low 60s in the previous quarter. Increased activity in the Indian market, which reported robust performance from acetyl intermediates and downstream Vinyl Acetate Monomer (VAM), offered further support to Acetic Acid futures, which headed towards recovery.

As players reported a jump in demand from downstream VAM makers, all main Middle Eastern Acetic Acid production sites were running at improved rates. When compared to the previous quarter, prices increased dramatically, but customers appeared to be able to withstand the claimed increase. The price in China overall increased during 2020 from 366 USD/MT in January to 714 USD/MT in December.

North America

Due to negative sentiments in the United States and Canada, the North American market for the chemical remained under pressure in the third quarter. The second quarter saw a significant drop in quarterly numbers for major Acetic Acid producers in the region, owing to a weakened acrylic acetyl chain segment, which fell by double digits year over year due to a persistent decline in industry pricing due to a down market for raw materials. The price recorded a small change from January to December, from 441 USD to 475 USD/MT.

Europe

The European market recorded a very stable market during 2020 as prices remained constant at 618 USD/MT in the UK and 489 USD/MT in Germany. The overall market reported growth due to healthy demand in end-use sectors and imports.

Latin America

In the region of Latin America, the price decreased slightly from January, where it was recorded at 480 USD/MT, to 470 USD/MT in December. But the demand saw a moderate increase in the industrial sectors such as construction, textiles, and others. People's high incomes and industrialization increased demand for ethanoic acid in the construction industry. Application in the production of VAM has also increased healthy demand.

Procurement Resource provides latest prices of Acetic Acid. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.