Methyl Acetate Price Trend and Forecast

Methyl Acetate Regional Price Overview

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

Methyl Acetate Price Trend for Q1 of 2024

In the first quarter of 2024, methyl acetate exhibited varying performance in the Asian markets, particularly in China, where prices inched up, complimenting the inclines in the other major regional markets of India. The fluctuations in the Asian methyl acetate sector were primarily owed to the variations in its feedstock markets, namely, methanol and acetic acid.
 

Methyl Acetate Price Chart

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Methanol saw a surge in prices during this time as the crude oil industry climbed up concurrently. The acetic acid market, on the other hand, was largely stable, thus providing some balance to the upstream outlook of methyl acetate. The trade situations found themselves spurred by rising global energy and crude oil prices amid geopolitical tensions in Europe and the Middle East. The situation was exacerbated by OPEC+'s pricing strategies in response to disruptions caused by conflicts and production cuts in key member countries like Russia and Iraq.

These developments had a ripple effect across the petrochemical industry, injecting mixed sentiments into the market. Moreover, in Europe, methyl acetate prices saw consolidation, influenced by geopolitical upheavals coupled with sluggish downstream demands. Overall, a complex interplay of supply chain disruptions and global market pressures shaped the pricing and availability of methyl acetate during the period.

Analyst Insight

According to Procurement Resource, Methyl Acetate price is likely to continue varying in the coming months. Given the current macroeconomic indicators, trade sentiments will be further affected globally.

Procurement Resource provides latest prices of Methyl Acetate. 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.