Industrial Chemicals | Market report preview 04.2023

THE MOST UPDATED FINANCIAL PUBLICATION ON THE WORLD OF CHEMISTRY
MARKET REPORT
INDUSTRIAL CHEMICALS
APRIL 2023

What’s going on in the market?
ACETIC ACID
After year-end increases due to commodity rises and spot
quotation, 2023 opened with a decrease in prices, which
are expected to continue to drop in Q2, partly due to a
slowdown in industrial production, especially where VAM
and PVA are being used.
ACETONE
The Acetone prices expected to increase in the European
region for the second quarter of 2023.
Acetone is a by-product obtained during the production of
phenol. The recent decrease in phenol production levels
has had a negative impact on acetone production efficiency.
Available acetone stock volumes have remained below
demand from downstream industries, even though there
has been significant offtake by producers of bisphenol A
and methyl methacrylate.
3

ECONOMIC INSIGHTS
In partnership with USI, Università della Svizzera Italiana
Persisting bottlenecks affecting global
value chains together with rising energy
prices contributed to an increase
in average price levels. Moreover,
economic uncertainties related to the
Russian invasion of Ukraine have
exacerbated the precariousness of a
stable recovery triggering global ripple
effects through commodity markets,
trade, financial flows, and displaced
people. In the last quarter of 2022, the
average inflation rate among OECD
countries was 1.52% relative to the
previous quarter, and 10.13% relative
to the previous year. Switzerland
and China stand out as (relatively)
low inflation countries. The OECD
economic outlook expects annual
inflation to decrease sharply in the
coming quarters, due to the tightening
of monetary policy by the ECB
and the Fed. The OECD economic
outlook expects annual inflation of
OECD countries to gradually decline
throughout 2023, reaching 5.5%
towards the end of the year, and to
decrease to 5% by the end of 2024.
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