Acetone Prices

Acetone Prices June 2024

The acetone prices in the United States for Q2 2024 reached 1318 USD/MT in June. The USA witnessed an increase in prices initially due to strong demand, along with supply constraints from operational limitations at phenol plants. In addition to this, prices moderated with increased inventory.

The price trend for acetone in Japan for Q2 2024 settled at 909 USD/MT in June. The market grew significantly, fueled by strong demand from pharmaceuticals and personal care sectors.  In line with this, year-over-year growth in prices highlighted the robust market demand and cost pressures, creating a favorable yet tight market environment.

In Germany, the acetone prices for Q2 2024 reached 1250 USD/MT in June. The market faced significant price drops, influenced by an oversupply, steady propylene availability, and reduced downstream demand. Geopolitical tensions in the Red Sea further complicated logistics, increasing shipping costs. The seasonal demand variations combined with a broad market decline drive prices lower, showcasing the quarter's challenging market conditions.

Acetone Prices March 2024

The acetone prices in the United States for Q1 2024 reached 1500 USD/MT in March. The market stabilized as ample inventory met moderate manufacturing demand. Rising benzene prices, a key Acetone feedstock, created underlying pressure due to the increased industrial demand. Early-quarter price peaks were due to lingering inventory shortages, while crude oil and seasonal factors remain critical to ongoing pricing trends.

The price trend for acetone in Germany for Q1 2024 settled at 1374 USD/MT in March. The market witnessed rising prices driven by the demand from cosmetics and solvent industries, along with the increasing benzene and naphtha costs. Local supply chain disruptions and higher energy expenses further reinforced this upward trend.

Acetone Prices December 2023

The acetone prices in the United States for Q4 2023 reached 1467 USD/MT in December. The market experienced notable price hikes, driven by high demand in key sectors like bisphenol A and tight inventory levels. Prices peaked amid ongoing supply chain pressures and inflationary trends affecting the broader economy.

The price trend for acetone in Japan for Q4 2023, reached 765 USD/MT in December. The market adjusted to a lower price point by the end of 2023, influenced by decreased demand and cautious market sentiments ahead of anticipated monetary policy shifts by the Bank of Japan, reflecting a broader economic stagnation.

The price trend for acetone in Belgium for Q4 2023, reached 1129 USD/MT in December. Limited stock availability and consistent demand from several key sectors contributed to the uptick in prices amidst a generally subdued European market.

Regional Coverage

The report provides a detailed analysis of the acetone market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the acetone price trend.

Global Acetone Price

The report offers a holistic view of the global acetone pricing trends in the form of acetone price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into acetone historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into acetone price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed acetone demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Acetone Price

Q2 2024:

During the second quarter of 2024, the acetone market in Europe experienced a notable decline, primarily influenced by an oversupply and steady accessibility of propylene, its main feedstock. In line with this, the demand from critical downstream areas including adhesives, solvents, and personal care remained low, intensifying the market’s bearish trend. Geopolitical tensions in the Red Sea led and costly logistical disruptions as vessels had to navigate longer routes, raising shipping expenses further intensified the disruptive situation. This quarter highlighted a steady downward trend, reflecting both reduced demand and external disruptions affecting the European Acetone market overall.

Q1 2024:

In Europe, the acetone market witnessed price increases due to the robust demand for acetone from key sectors, such as personal care, cosmetics, and solvents. By the end of March, prices remained elevated, particularly in Germany, where rising naphtha and benzene costs and local demand impacted the market significantly. Geopolitical factors and disruptions in supply chains further reinforced this upward trend, while regional differences in production and energy costs led to pricing variations across countries. As the market progresses, anticipated supply constraints, coupled with increasing feedstock prices and steady demand, are expected to support a gradual increase in acetone prices across Europe. Rotterdam’s port maintained ample storage capacity, effectively handling volume increases, especially as shipping resumed regular routes.

Q4 2023:

The acetone market faced challenges with fluctuating demand and escalating energy costs influencing pricing dynamics. Prices generally trended upwards, particularly in Belgium where limited inventories pushed prices higher. The market saw low demand from the personal care and bisphenol industries, which, coupled with lower production rates, contributed to the price volatility. Despite steady supplies in places like the Netherlands and Germany, the broader European market grappled with increased production costs and ongoing geopolitical tensions affecting supply routes and market sentiment.

This analysis can be extended to include detailed acetone price information for a comprehensive list of countries.

North America Acetone Price

Q2 2024:

During the second quarter of 2024, the North American acetone market displayed mixed price trends, due to a complex blend of demand and supply factors. Early in the quarter, the increase in the demand for acetone from key downstream sectors facilitated the prices upward. However, in the latter part of the quarter, prices faced downward pressure amid high inventory levels, illustrating the market's fluctuating dynamics. Crude oil prices, a substantial cost driver for naphtha and acetone, also saw volatility, influencing acetone’s final pricing structure. A year-on-year analysis revealed strong demand recovery and notable supply constraints, with seasonal factors like reduced construction activity exerting minimal impact as industrial activity held firm.

Q1 2024:

In Q1 2024, the acetone market prices across North America dropped significantly due to a variety of demand and supply influences. In the United States, prices showed stabilization toward the end of the quarter, supported by ample inventory levels that sufficiently met adequate demand for acetone from manufacturing sectors. However, the market was under strain from increasing benzene prices, a crucial feedstock for Acetone, which saw heightened demand from both domestic and international sectors.  North American market players are now focusing on adapting to these dynamic trends to maintain a balanced approach to production and inventory management.

Q4 2023:

The market saw a noticeable increase in prices during the fourth quarter of 2023. Production slowdowns and a tighter domestic spot market led to a buildup of inventory, yet the demand from potential buyers remained subdued, adding pressure on prices. Despite the stable supply of upstream benzene, the high demand from industries like bisphenol A pushed prices upward. The United States felt this impact distinctly, witnessing significant price rises and strained inventory levels. The quarter ended without any major plant shutdowns, although the broader market faced inflationary pressures from rising material and transportation costs.

Specific acetone historical data within the United States and Canada can also be provided.

Middle East and Africa Acetone Price

The report explores the acetone pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on acetone prices for countries can also be provided.

Asia Pacific Acetone Price

Q2 2024:

In Q2 of 2024, acetone prices in the Asia-Pacific region showed a marked upward trend, influenced by rising demand from key areas like personal care and pharmaceuticals. The escalation in naphtha and crude oil costs added to production expenses, which subsequently pushed Acetone prices higher. This price surge was further fueled by strategic production cuts from OPEC+, along with significant supply chain disruptions because of logistical barriers and geopolitical tensions. The combined effect of heightened operational costs and robust end-use demand created a largely bullish market outlook across the region. In Japan, Acetone pricing saw a particularly strong rise, driven by seasonal demand shifts and limited supply availability. Year-over-year, Acetone prices experienced notable growth, reflecting the ongoing tight market conditions and sustained feedstock price hikes.

Q1 2024:

In Q1 2024, the Acetone market across Asia-Pacific displayed price variations influenced by supply limitations and fluctuating demand. A major shut down for maintenance at Taiwan-based Chang Chun Plastics constrained the supply in the Asia Pacific region, thus significantly impacting China, where prices rose due to reduced exports. Meanwhile, Thailand observed a price decrease, driven by lower crude oil and naphtha costs that reduced domestic manufacturing expenses. The stock market surge, fueled by new orders, further supported acetone profitability, especially for the manufacturers of toluene. Post-holiday, the market rebounded as production facilities ramped up to meet growing demand.

Q4 2023:

The region saw a downturn in the acetone market in the latter part of 2023. Demand dropped across several key sectors, leading to lower import prices and reduced market activity. Japan, in particular, saw significant adjustments in its acetone prices. The market's outlook was cautious, influenced by prolonged low inflation and stagnant wages, which impacted consumer and business expectations about future price stability. Additionally, the anticipation of interest rate adjustments by the Bank of Japan further clouded the economic landscape. Throughout the quarter, there were no shutdowns reported, reflecting a stable yet challenging market environment.

This acetone price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Acetone Price

The analysis of acetone prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Acetone Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Acetone Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of acetone pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of acetone at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of acetone price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing acetone price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Acetone Market Analysis

The global acetone industry size reached US$ 7.2 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 11.7 Billion, at a projected CAGR of 5.40% during 2023-2032.

• Acetone is widely used as a key raw material in the production of plastics like polycarbonates and acrylics. As a result, the growing demand for plastics in packaging, automotive, and electronics industries is impelling market growth. As per IMARC Group, the global plastics market size is expected to reach US$ 829.7 Billion by 2032, exhibiting a growth rate (CAGR) of 2.93% during 2024-2032.
• The soaring demand for composite materials like carbon fiber from the aerospace and construction sectors is aiding in market expansion as acetone is used as a solvent in the manufacture of these materials.
• The booming electronics industry, wherein acetone is employed for cleaning electronic components and in the production of specialty plastics used in electronic devices, is contributing to market growth.
• Ongoing advancements in the healthcare sector are strengthening the market growth as acetone is used in pharmaceutical manufacturing processes and in medical devices, with advancements in healthcare leading to increased demand for these products.
• The sudden shift towards bio-based acetone production due to escalating environmental concerns and government regulations are creating a promising outlook for market growth.
• Furthermore, inflating disposable income of individuals leading to increased spending on consumer goods, including items that utilize acetone-based products, such as cosmetics and personal care products is fueling market expansion.
• The thriving packaging industry, which relies on acetone for manufacturing various types of packaging materials, and the increasing demand for packaged goods globally are influencing market growth.
• Rising urbanization rates, increased construction activities and infrastructure development, spurring the demand for acetone in construction-related applications are further contributing to the market expansion.

Acetone News

The report covers the latest developments, updates, and trends impacting the global acetone industry, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in acetone production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the acetone price trend.

Latest developments in the acetone industry:

• In September 2023, INEOS Group Ltd, acquired the production site and assets of Mitsui Phenols Singapore Pte. Ltd. on Jurong Island, Singapore. The acquisition cost USD 330 million and increased INEOS’s total production capacity of acetone to 185 thousand tonnes per year.
• In January 2024, Haldia Petrochemicals Ltd initiated the construction of India's largest phenol plant in Haldia, West Bengal, with a budget of Rs 3,000 crore. The project is slated for completion by the first quarter of 2026. This facility will be the first on-purpose propylene plant in India utilizing Olefin Conversion Technology from Lummus Technology, positioning HPL as the country's first integrated player in the phenolics chain. The plant is expected to produce 300 kilo tons per annum of phenol and 185 KTPA of acetone, significantly enhancing the company's chemical business portfolio by an additional Rs 5,000 crore upon commissioning.

Product Description

Acetone is a colorless and volatile liquid chemical with a unique sweet odor. It is among the simplest and most used organic solvents. This compound is a ketone that has the formula (CH3)2CO. Acetone is composed of 3 carbon atoms, 6 hydrogen atoms, and 1 oxygen atom.

Acetone is a highly adaptable solvent that is used in a range of industries, such as in the manufacturing of plastics, fibers, and medicinal products. It serves as a crucial intermediate in chemical synthesis, taking part in a variety of chemical reactions like in the synthesis of methyl methacrylate which acts as a precursor to acrylic polymers, and BPA, which is used to create polycarbonate plastics.

It is also employed as a vital component in nail polish removers and paint thinners because of its ability to break down compounds like varnishes and resins. Additionally, acetone is also used in labs to clean glassware and equipment since it effectively removes oil and other organic impurities.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of acetone pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting acetone price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The acetone price charts ensure our clients remain at the forefront of the industry.