ECSA Trade Industrial Chemicals | Market report preview 10.2020
ecsa-chemicals.ch ECSA Trade Preview ➡ Download full version https://ecsa-chemicals.ch/en/content-hub/learning-center/ecsa-trade/
ecsa-chemicals.ch
ECSA Trade Preview ➡ Download full version https://ecsa-chemicals.ch/en/content-hub/learning-center/ecsa-trade/
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ACETIC ACID<br />
Begin of 2020, listing prices reached 800 EUR/t as a result<br />
of the limited availability of acetic acid from BP <strong>Chemicals</strong><br />
and because of the high prices of methanol. BP has sold<br />
almost all the production from the British site for 2020<br />
to Ineos Oxide for the production of ethyl acetate. From<br />
2Q20 listing prices fell by 15-20%.<br />
ACETON<br />
The upward trend should be confirmed in the third quarter<br />
as well.<br />
Low production rates, caused by a reduced demand for<br />
phenol (the co-product of acetone production) until<br />
September, lower imports and the closure of some<br />
production facilities mean the product’s availability will<br />
continue to be limited (as it was in the second quarter).<br />
Disruption linked to Coronavirus is expected to continue<br />
reducing demand, combined with increasingly broader<br />
economic factors that have had an impact on European<br />
industries and on the consumption of materials<br />
downstream. Seasonal factors will also probably contribute<br />
to reduce the demand for acetone. However, activity in the<br />
construction sector is increasing and could increase further<br />
in the third quarter. The same applies to the automotive<br />
sector.<br />
WHAT’S GOING ON<br />
?<br />
IN THE MARKET<br />
2
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