acetic acid Pricing Assessment

Markets Covered:

China

Malaysia

India

Korea

Saudi Arabia

Japan

Acetic Acid Price Trend, Analysis and Forecast

The Asia Pacific region emerged as the largest market for acetic acid. This region dominated the global acetic acid owing to the advancement of growing countries like China and India, which are among the essential customers of acetic acid.

In Q1 2024 the Asian countries prices remained relatively stable. This flat trend in the market was largely due to high inventory levels and increased production costs, driven by rising crude oil prices. In India, acetic acid spot prices have been fluctuating at the lower end of the spectrum. This trend has been influenced positively by the end-user industry, which is contributing to the overall pricing patterns. In South Korea, acetic acid prices experienced a significant decline during the first quarter. As in the first quarter of China, prices declined from quarterly average of 461 USD/MT to 373 USD/MT.

In Q2 2024, the Asian acetic acid market experienced a decline in prices and this market decline was attributed to the availability of sufficient inventories, which were more than enough to meet the demands of downstream industries both domestically and internationally. In June, a maintenance shutdown took place, which also impacted acetic acid prices. Seasonal trends have also influenced the market. As in the second quarter of China prices declined from quarterly average of 373 USD/MT to 371 USD/MT. The acetic acid market in the MEA region has encountered notable fluctuations, shaped by a range of complex factors, primarily driven by higher production costs resulting from a spike in upstream crude oil prices.

In Q3 2024, the acetic acid market will continue to experience upward price pressure due to ongoing supply limitations. The growing demand for adhesives, paints, and coatings will expect to boost the acetic acid market in the APAC region. As of July 2024, acetic acid prices were fluctuating and reflecting around 1.3% decrease from the previous month. The acetic acid market in India is on the rise, driven by factors like industrial growth and the expansion of manufacturing sectors. The acetic acid market in the Middle East will experience growth, largely fuelled by advancements in the pharmaceutical industry and a rising demand for medicines. In Saudi Arabia, the food and beverage sector will also play a significant role, using acetic acid for preserving meat and other food products. This combination of factors will contribute to a robust demand for acetic acid in the region.

In Q4 2024, the Asia-Pacific region will experience increased volatility in acetic acid prices. Key factors driving these price fluctuations include differing demand trends across various countries, particularly influenced by China’s strong performance. Additionally, rising crude oil prices will affect production costs, while ongoing trade tensions will disrupt regional supply chains. In the short term, the acetic acid market will experience growth primarily due to rising demand from the paints and coatings sectors. This trend is one of the key factors fuelling the market’s expansion.

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is your trusted resource for tracking global acetic acid price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the acetic acid market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, keeps you fully informed of market dynamics.

In addition, provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With , you gain a competitive edge in understanding all the elements that influence acetic acid prices worldwide. Stay ahead of the curve with ’s reliable, accurate, and timely acetic acid market data.

Track 's acetic acid price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Historically, several events have caused significant fluctuations in acetic acid prices

Russia-Ukraine Conflict (2022-Present): Disruptions in supply chains, particularly from key suppliers in the region, have created shortages and increased production costs. Additionally, the conflict has caused instability in trade relationships, resulting in delays and increased shipping costs. Consequently, companies reliant on Acetic Acid are facing uncertainty in pricing and availability, making it challenging to manage budgets and production schedules.
COVID-19 Pandemic (2020): The pandemic caused disruptions in supply chains and led to a decline in industrial activity, which temporarily affected demand for Acetic Acid. It had a significant negative impact on the Acetic Acid market in the Asia-Pacific region. China was particularly affected, leading to production stoppages. However, in the post-pandemic period, the market has rebounded, driven by rising demand from various industries, including adhesives, paints and coatings, as well as food and beverages.
Geopolitical Tensions (2018-2019): Trade disputes, particularly between major economies, led to uncertainty in global markets. Tariffs and sanctions imposed during this time disrupted supply chains, increasing costs for raw materials and production. These tensions resulted in reduced availability of Acetic Acid, as manufacturers faced challenges in sourcing necessary components and maintaining stable operations.

These events underscore the Acetic Acid market’s vulnerability to global disruptions and highlight the need for continuous monitoring of supply-demand dynamics.

Methodology and Specifications

acetic acid Pricing Assessment Research Methodology

Data Collection and Sources

Real-Time Market Data: aggregates real-time pricing data from a diverse range of sources, including global commodity exchanges, industry reports, and proprietary databases. This ensures that our assessments reflect the most current market conditions.
On-the-Ground Intelligence: Our team gathers insights directly from key market participants, including producers, suppliers, traders, and end-users, across major Acetic Acid production hubs. This ground-level intelligence is crucial for understanding localized market dynamics.
Supply Chain Monitoring: We track the entire Acetic Acid supply chain, from raw material availability (e.g., methanol, ethylene) to production and distribution channels. This includes monitoring feedstock prices, production capacities, and transportation logistics.

Event Tracking and Impact Analysis

Geopolitical Tensions: continuously monitors global geopolitical developments, such as conflicts or trade disputes, which can significantly impact Acetic Acid prices. Our analysis includes potential disruptions to supply chains and their immediate and long-term effects on pricing.
Natural Disasters and Climate Events: We assess the impact of natural disasters, such as hurricanes or winter storms, on Acetic Acid production facilities, particularly in vulnerable regions like the U.S. Gulf Coast. These events are factored into our price forecasts and supply outlooks.
Economic Shifts: evaluates macroeconomic trends, including global economic growth, inflation rates, and sector-specific demand (e.g., automotive, packaging), to predict shifts in Acetic Acid demand and corresponding price movements.

Production Capacity and Supply Analysis

Current Production Monitoring: We maintain a comprehensive database of global Acetic Acid production facilities, tracking their operational status, maintenance schedules, and output levels. This allows us to assess current supply availability accurately.
Future Capacity Projections: Our research includes detailed forecasts of upcoming Acetic Acid production capacities, factoring in new plant constructions, expansions, and technological advancements. This helps in predicting future supply trends and potential price stabilization.

Demand Forecasting

Sectoral Demand Analysis: provides in-depth analysis of demand trends across key sectors, including packaging, automotive, and construction. We track year-on-year demand growth and project future consumption patterns based on economic indicators and industry developments.
Global Demand Dynamics: Our methodology considers regional demand variations and how they influence global Acetic Acid pricing. This includes understanding the impact of shifts in manufacturing bases, trade policies, and environmental regulations.

Pricing Model Development

Dynamic Pricing Models: utilizes advanced econometric models to forecast Acetic Acid prices, incorporating real-time data, historical trends, and projected market conditions. Our models are continuously refined to enhance accuracy and predictive power.
Scenario Analysis: We conduct scenario-based assessments to evaluate potential future market conditions. This includes best-case, worst-case, and most likely scenarios, helping our clients prepare for a range of market outcomes.

Reporting and Client Support

Comprehensive Reports: Our clients receive detailed reports that include current price assessments, future price forecasts, and in-depth analysis of market drivers. These reports are designed to be actionable, providing clear insights and recommendations.
Ongoing Support: offers continuous updates and personalized support to our clients, ensuring they have the most up-to-date information to make informed decisions. Our experts are available to discuss specific market developments and provide tailored advice.

This research methodology ensures that delivers the most accurate, timely, and actionable Acetic Acid pricing assessments, helping our clients stay ahead of market trends and make informed business decisions.

Specifications

Molecular Weight[g/mol]

60.052

CAS No

64-19-7

HS Code

29152100

Molecular Formula

CH3COOH

acetic acid

Acetic acid is an organic compound that appears as a colorless liquid with a strong, distinctive odor. It is most commonly found in vinegar but also plays a significant role in various industries, including cosmetics, pharmaceuticals, food, textiles, and chemicals. Industrially, Acetic Acid is produced through the carbonylation of methanol and serves as a key raw material for producing various compounds. It is widely used in the pharmaceutical, cosmetic, and industrial sectors, both to synthesize other substances and to adjust their properties, particularly in regulating pH levels.

Packaging Type

ISO Tanks, Drums (India)

Grades Covered

Industrial

Incoterms Used

FOB Shanghai, FOB Klang, FOB Busan, FOB Dammam, CIF Tokyo (China and South Korea), CIF Nhava Sheva (China) Ex-Location (India)

Synonym

Ethanoic Acid, Ethylic Acid

Quotation Terms:

10-15 MT (India), 25-28 MT (Global)

Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.

Property	Specification
Appearance	Colourless clear liquid
Purity	Min. 99.5%
Freezing Point	16.6℃
Boiling Point	118.1℃
Solubility	602.9 g/l
Density	1.0492
pH	2.5
Vapour Pressure	1.52kPa at 20°C
Flaming Point (°C)	500

Applications

The primary Acetic Acid application is as a feedstock/intermediate employed for synthesizing other chemicals such as Ethyl Acetate, Butyl Acetate, Vinyl Acetate and Sodium Acetate. Ethyl Acetate: An essential component of paints and aditives and is wanted for its degree of toxicity and good smell. Butyl Acetate: This was on the bases of slow evaporation that this solvent was widely used in the coatings, and the ink industries. Vinyl Acetate: Required for the production of polyvinyl acetate (PVA) and polyvinyl alcohol (PVOH) which are used extensively in adhesive and textile industries respectively. Sodium Acetate: Used in the preservation of foods, and in roles that involve acting as a buffer because of the advantages of Acetic Acid.

Disclaimer

Acetic Acid price provided by is a base price and excludes VAT/Taxes, discounts, or offers. The information herein is accurate to the best of our knowledge as of the date indicated and is provided solely for the convenience of our customers as a reference for acetic acid. disclaims any warranties or representations regarding the accuracy of results derived from this information. It is the sole responsibility of the user to assess the suitability of the product for their specific application. This document does not constitute an endorsement to use the product in violation of any applicable patent rights.

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Frequently asked questions

What are the components that affect the pricing of Acetic Acid? +

The cost of Acetic Acid may be determined by the following factors: First, the cost of the raw materials and especially the feedstocks utilised in producing HDPE for example, propylene and butylene, is a major factor. Firm cost inputs such as raw material costs can rise or drop which will affect Acetic Acid outputs. Also, other factors regard to the supply chain such as transportation cost and availability of capacities for production play a huge role. Due to this, factors such as demand from priority segments like paints and coatings, personal care and cleaning commodities, have an impact on pricing as a result of a higher demand. Finally, the fluctuations in the global economy, and shift in the regulatory policies, may again disturb the price trends of Acetic Acid.

What we need to know about the pricing strategies of Acetic Acid in relation to the procurement standpoint? +

To achieve this goal of getting the right price that is OMG, it is advisable for procurement heads to be customer oriented. Effective and close communication with several suppliers can help to create competition that will improve the pricing structure. A key to strategic pricing is to track the market on a regular basis in order to identify both the trends and the rates. Novelty is another idea; here, buyers may engage in long-term agreements to ensure optimal prices that can prevent the issue of unfavorable market forces affecting buyer institutions. Also, thinking through the options for diversification in suppliers, for example, local ones, may have cost benefits. The ability to be flexible in the strategies used in procurement will help teams respond to the market challenges more effectively.

What impact does the activity of Acetic Acid price prone to, and how do we ensure these vulnerabilities are addressed? +

Pricing risks associated with Acetic Acid are numerous they include; Increased production and purchasing costs reduced profitability due to variations in the prices of Acetic Acid. However, these risks can be managed by the procurement heads putting in place the following strategic activities such as engaging in hedging in order to lock the price of raw materials. It is common knowledge that sourcing from multiple suppliers is less risky than relying on a single supplier due to market fluctuations. It also acts as a shock absorber to price changes in that organisations can hold inventory while they wait for prices to drop. Moreover, market analysis and economic factors would be constantly observed so that procurement strategies could be changed promptly.