ECSA Trade Pharma and Nutrition | Market report preview 09.2022

SEPTEMBER 2022
ECSA TRADE
PHARMA & NUTRITION
MARKET REPORT

What’s going on in the market?
ACETIC ACID
In May and June, after the declaration of force majeure
from Celanese and Ineos, as a result of unanticipated
interruptions in raw material supply in the Texas Gulf
Coast, the situation has been getting better and the prices
dropped.
But according to traders, signs of a possible price rise are
beginning to appear on the horizon due to of new raw
material quotas and spot acetic acid that is hard to find on
the market, see Asia for imports were the prices are rising
too.
ACETONE
The Acetone price surge in the European region for the
second quarter of 2022, due to the supply shortage after
the sanction on the Russian imports. The increased demand
from the downstream derivative manufacturers pushed the
Acetone market. Furthermore, the increasing demand from
the regional market and the growing road freight charges
due to the rise in fuel prices pushed the Acetone values. A
price decline is expected for the third quarter due to a likely
worldwide recession.
CITRIC ACID MONOHYDRATE BP
After a few months of strongly increased prices and long
delivery times, the trend is currently moving in the other
direction. Due to the global weak demand, products can be
shipped promptly from all Chinese suppliers. Oversupply
lead the price go down.
The supply situation in Europe is better too.
3

CONTENT HUB
RSPO: ROUNDTABLE ON SUSTAINABLE PALM OIL
Palm fruit oil and palm seed oil (the latter also called palm
kernel oil) are vegetable oils obtained from oil palms.
The use of palm oil has grown steadily in recent years,
so much so that it has become not only one of the main
ingredients of the food industry but also a very important
raw material in various sectors, such as cosmetics. For this
reason, has emerged the need to provide precise standards that can
promote the growth and use of palm oil-based products resulting from
the responsible management of oil palm plantations that have now
become so important for numerous production chains.
Cecilia Picinotti
Quality assurance
& CLP Assistant
WHAT IS RSPO?
RSPO – Roundtable on Sustainable Palm Oil
is a non-profit association that aims to promote the cultivation and use of sustainable palm oil through global certification standards.
The main objective of RSPO is therefore to encourage not only the cultivation but also the use of sustainable palm
oil in order to reduce the environmental and social impacts resulting from the cultivation of this type of oil.
The RSPO certification is therefore the main international sustainability standard that guarantees the production
and trade of palm oil obtained without damaging the living conditions of the communities and local biodiversity.
To promote this kind of sustainable business, RSPO has four different types of models/certifications:
• Preservation of identity
• Segregation
• Mass balance
• Book and Claim
While the first three models allow the physical control of palm oil throughout the supply chain, the last supports the
production of sustainable palm oil through the sale of certificates.
20

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