Acetic acid prices assessed stable week on week between Rs 36-36.5/kg

Acetic Acid: Acetic acid prices assessed stable week on week between Rs 36-36.5/kg while expected stable to low in coming days due to lower booking level and slow demand of the chemicals Current booking level of Acetic acid assessed at $460-465/mt down $10-15/mt week on week. Trading activity in the Asian acetic acid marker was subdued this week, with little spot discussion heard. Market sources said the usual post-Lunar New Year pickup in demand had yet to be seen fully this year and buying activity remained slow. Fanavaran Petrochemical Company’s 150,000 mt/year AA plant in Iran will restart Sunday after it was shut for planned maintenance last Friday, a company source said  Friday. The company’s 1 million mt/year methanol plant will close March 10 for around 10 days for scheduled maintenance, the source added. Fanarvan’s petrochemical plant in Bandar Imam Khomeini has a capacity to produce 1 million mt/year of methanol, 150,000 mt/year of AA and 140,000 mt/year of carbon monoxide.

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