There has been significant hike in IIndian domestic marker for Acetic acid values. One month prices were floating in the range of Rs.30-35/Kg. Now it has doubled to Rs. 60/Kg for Kandla and Mumbai port. The acute shortage of material in its peak demand season is the major factor behind this hike in values. As metnaioned earlier there has been major shut down and force majeure at Acetic Acid plant based in US in last few weeks. This has led to higher demand from US market for Acetic Acid. To mention few BP has shut down its Acetic Acid unit based in Texas. Most of the material of China has been now shipped to US market as better economic values are being earned over there.
