Acetic acid assessed between Rs 36-37/kg at major ports of India

Acetic Acid: Acetic acid assessed between Rs 36-37/kg at major ports of India and expected
stable to bit up in coming days.
Some suppliers also quoted Rs 35/kg but trade not been done at this level as prices noticed firm
trend.
GNFC quoted its manufactured acetic acid at Rs 35/kg down from previous quotation by Rs
1/kg.
Current booking level of Acetic acid assessed at $450-455/mt assessed stable week on week as
International market showed stable to inched up trend.
International Market Updates:
Trading activity in the Asian acetic acid market was weak as trade participants slowly started
returning to the market. However, a number of traders saw the market stable to a little firmer
as methanol prices had risen by at least 10% since the start of the year, S&P Global CSG data
showed. “The inventory level of acetic acid in Asia is not very high and there is no pressure from
suppliers to push cargo,” a trader said. “At the same time, [purified terephthalic acid] demand
downstream is a little weak and will only come on after the Lunar New Year, so the AA market
is stable to a little firm,” he added.
The CFR Far East Asia and the Southeast Asia AA markers both rose $5/mt from last week to
$450/mt CFR, based on firmer market fundamentals. The FOB China price was assessed at
$409/mt Friday, up $8/mt on week, based on offers heard at $410-$420/mt FOB China. The CFR
South Asia marker was assessed at $445/mt CFR, based on firmer market fundamentals and
offers for March-arrival cargoes at $460-$470/mt CFR South Asia.

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