Rising feedstock acetic acid prices pushed up the acetic oxide market as transportation costs from China to other Asian countries increased. The price of the chemical had risen to 1275 USD/MT on March 11th, up 20.62% from the previous day's price of 1057 USD/MT. With rising crude oil and natural gas prices as a result of the Russia-Ukraine conflict, the product's supply has dwindled, causing regional market sentiment to deteriorate. The Chinese acetic oxide market was driven by the fermentation of China's energy crisis, as well as the growing upstream methanol market. Other regions' markets for acetic oxide, namely Europe and the United States, are constrained by rising upstream natural gas prices and surging demand from its downstream dyes industries.
Procurement Resource provides latest prices of Acetic Oxide. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Procurement Resource provides prices of Acetic Oxide for several regions around the globe, which are as follows:
About Acetic Oxide:
Because it is the simplest isolable anhydride of a carboxylic acid, acetic oxide is the most commonly used reagent in organic synthesis. It is primarily used to convert cellulose to cellulose acetate, which is a component of photographic film and other coated materials, as well as in the manufacture of cigarette filters. It is also used in the production of aspirin and as a wood preservative to produce longer-lasting wood.
Acetic oxide is made by reacting acetic acid and acetone in a two-step process. Acetone is pyrolyzed to produce ketene, which is then mixed with acetic acid to produce acetic oxide.
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The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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