Acetic Acid Price in USA

 

  • United States: 595 USD/MT

In December of Q4 2023, the price of acetic acid in the United States peaked at 595 USD/MT. Anticipated strong demand from the international market is likely to persist, keeping market inventories at elevated levels.

The latest report by IMARC Group, titled "Acetic Acid Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of Acetic Acid Price Trend. This report delves into the price of Acetic Acid globally, presenting a detailed analysis, along with an informative Acetic Acid price chart. Through comprehensive Acetic Acid price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the Acetic Acid demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.


Acetic Acid Prices December 2023:

  • United States: 595 USD/MT
  • South Korea: 491 USD/MT (Glacial)
  • Belgium: 769 USD/MT (Glacial)
  • Saudi Arabia: 389 USD/MT

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The study delves into the factors affecting acetic acid price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.

The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.

Request For a Sample Copy of the Report: https://www.imarcgroup.com/acetic-acid-pricing-report/requestsample

Acetic Acid Price Trend- Q4 2023

In Q1 2024, the North American acetic acid market experienced steady demand, particularly from the construction industry, supported by government initiatives. The market maintained stable supply dynamics and ongoing destocking, with no major plant shutdowns. The USA saw a 2% price increase in the latter half of the quarter. Despite weather-related disruptions at companies such as DowDuPont, Eastman Chemical, and Celanese Corporation, production quickly resumed, indicating industry resilience. Overall, the market remained stable, with a slight price increase from the previous quarter, reflecting balanced supply-demand dynamics and cautious inventory management.

Acetic Acid Industry Analysis

In the Asia-Pacific (APAC) region, acetic acid prices decreased during Q1 2024 due to weak demand from downstream industries such as construction, reduced feedstock prices, and market oversupply. South Korea, in particular, experienced significant price declines, influenced by weak construction sector demand, lower-priced feedstock, and ample inventories. Compared to the same quarter last year, prices in South Korea fell by 28%, with a 45% drop from the previous quarter in 2024. Analyzing the price changes within the quarter reveals an 8% decrease from the first half to the second half.

The European market in Q1 2024 faced declining trends driven by subdued methanol prices, high inventory levels, and steady import prices from China. The European Central Bank’s high interest rate at 4.5% reduced purchasing power, dampening demand. The Purchasing Managers' Index (PMI) indicated a contraction in the manufacturing sector, typically linked to lower chemical demand, including acetic acid. Despite no significant supply disruptions, the market sentiment remained cautious, influenced by broader economic signals and challenges in the construction industry. While downstream products like ethyl acetate and butyl acetate experienced steady demand, it was insufficient to significantly uplift acetic acid prices within the quarter.

In the Middle East and Africa (MEA) region, acetic acid prices saw a notable decline in Q1 2024, driven by reduced demand from downstream industries and ample market supply. This trend was particularly pronounced in Saudi Arabia. The continued low cost of methanol, a key feedstock, led to decreased production costs and lower acetic acid prices. Compared to the same period last year, prices experienced a substantial 39% decline, with a 10% decrease from the previous quarter in 2024. There was also a significant price disparity between the first and second halves of the quarter, with prices dropping by 11%.

Regional Price Analysis:

  • Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
  • Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
  • North America: United States and Canada
  • Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
  • Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco

Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

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