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 Prices. 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
The acetic acid market is driven by its broad application in various industries, particularly in the production of vinyl acetate monomer (VAM), which is essential in manufacturing adhesives, paints, and coatings. The increasing demand for VAM, especially from the construction and automotive sectors, is fueling the market growth. Additionally, the food and beverage (F&B) industry, which relies on acetic acid for its role as a preservative and flavoring agent, is driving the market growth. Besides this, the rising trend toward sustainable and bio-based chemicals, which also promote the adoption of acetic acid derived from biomass, is further expanding the market. Moreover, growth in the textile industry, where acetic acid is used in dyeing processes, along with the increasing demand for purified terephthalic acid (PTA) in polyester production, is bolstering the market expansion.
Acetic Acid Industry Analysis
In the USA, acetic acid prices in the last quarter have been influenced by fluctuating raw material costs, particularly methanol and natural gas, which are key inputs in its production. The supply-demand balance also plays a critical role, with any disruptions in production capacities or transportation logistics, such as those caused by extreme weather conditions, leading to price volatility. Additionally, the overall economic outlook, including industrial activity levels and energy prices, has impacted acetic acid pricing as manufacturers adjust prices in response to changes in operating costs and market conditions.
In South Korea, acetic acid prices in the last quarter have been shaped by the country’s dependence on imports for key feedstocks, leading to sensitivity to global market trends and exchange rate fluctuations. The demand from the petrochemical and textile industries, which are significant consumers of acetic acid in the region, also influences prices. Additionally, any regional disruptions, such as maintenance shutdowns of major production facilities or changes in trade policies, can cause price variations.
In Saudi Arabia, acetic acid prices in the last quarter have been primarily influenced by the availability and cost of raw materials, given the country’s significant role as a petrochemical hub. The prices are also affected by global market trends, particularly in the Asian markets, where Saudi exports a substantial portion of its acetic acid production. Additionally, domestic demand from industries such as plastics, textiles, and food processing influences price movements.
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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