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 globally, presenting a detailed analysis, along with an informative Acetic Acid Price Chart. Through comprehensive 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:
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 market for acetic acid is propelled by its widespread use across many sectors, especially in the synthesis of vinyl acetate monomer (VAM), a crucial component in the production of adhesives, paints, and coatings. The market is expanding due to the rising demand for VAM, particularly from the building and automotive industries. Furthermore, the market is expanding due to the food and beverage (F&B) sector, which uses acetic acid as a flavoring and preservative. In addition, the market is being further expanded by the growing trend toward bio-based and sustainable chemicals, which also encourage the use of acetic acid made from biomass.
Acetic Acid Industry Analysis
The price of raw materials, especially methanol and natural gas, which are essential to the manufacturing of acetic acid, has been changing, which has affected the pricing of the product in the United States throughout the last quarter. Price volatility is a result of any delays in production capabilities or transportation logistics, such as those brought on by harsh weather conditions. The supply-demand balance is also a crucial factor. The price of acetic acid has also been influenced by the general economic outlook, which includes energy costs and industrial activity levels. This is because producers modify their prices in reaction to variations in market dynamics and operational expenses.
Due to South Korea's reliance on imports for essential feedstocks, the country is sensitive to changes in the global market and exchange rates, which has an impact on acetic acid pricing. Prices are also impacted by the demand from the textile and petrochemical sectors, which are the region's two biggest users of acetic acid. Furthermore, price differences may result from any regional interruptions, including maintenance shutdowns of significant manufacturing facilities or modifications to trade rules.
Because Saudi Arabia is a major petrochemical center, the availability and pricing of raw materials have had a major impact on acetic acid prices in the recent quarter. Global market movements also have an impact on the pricing, especially in the Asian markets, to which Saudi Arabia sends a significant amount of its acetic acid output. Furthermore, price fluctuations are influenced by domestic demand from sectors including food processing, textiles, and plastics.
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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