During the week ending May x, xxxx, Acetic Acid prices in the U.S. held steady maintaining a flat trajectory on a weekly basis. This continued drop has been predominantly attributed to declining feedstock Methanol prices, with Methanex’s contract rate dropping significantly. Despite these cost-side benefits, acetic acid downstream offtake remained muted, and buyers remained cautious due to uncertainty in end-use sectors, preventing any meaningful rebound in acetic acid market sentiment.
Manufacturing conditions for Acetic Acid in the U.S. were optimum throughout the week. The production environment benefited from falling electricity prices, as reduced seasonal cooling needs in key states like Texas and California brought energy costs down. This helped improve margins for producers and further supported stable acetic acid pricing. According to Celanese Corporation’s a major acetic acid producer Qx xxxx update, the company’s Acetyl Chain business recorded net sales of...
