Acetic Acid

Prices U.S.: $438/m.t. fob U.S. Gulf Coast July EUROPE: $649/m.t. fd NWE July ASIA: $405/m.t. fob China July Outlook Global demand for acetic acid is forecast to rise about 5%/year through 2016, to 15.5 million m.t., says IHS Chemical. By 2013, about tk m.t./year of new capacity forecast to be onstream, bringing global capacity to 19.6 million m.t., an increase of over 6 million m.t. since 2009. Once capacity stabilizes in the 2012 to 2013 timeframe, operating rates will begin to increase, from below 70% in 2012 to just under 80% by 2016, IHS says. Acetic acid is...

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