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Chemical Week Magazine :: Basic Chemicals & Plastics
Margin pressure will drive US acetic acid higher through summer
9:44 AM MDT | May 31, 2013 | —Clay Boswell
Despite the recent softening in the price of feedstock methanol, acetic acid values in the United States are likely to continue climbing for the next few months as producers build back lost margin, says Mike Nash, global director/synthetic gas chemicals at IHS Chemical. Profitability will nevertheless remain well behind last year’s levels. Producers of acetyls—which include acetic acid and derivatives such as vinyl acetate monomer (VAM), acetic anhydride, and ethyl acetate—have been playing catch-up with the price of methanol since last August...
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