The global acetone price trend experienced a notable decline in the last quarter of 2024, driven primarily by weak demand in Europe and Asia, combined with regional supply adjustments. While North America faced localized supply issues that pushed prices slightly higher, the overall market witnessed a significant year-on-year decrease, highlighting ongoing challenges in balancing production and consumption across global regions.In October 2024, acetone prices in Ex-Works China fell to 840 USD/MT, representing a 20% YoY decline from 1044 USD/MT in October 2023. The sharp drop reflected subdued industrial activity in downstream sectors such as adhesives, coatings, and pharmaceuticals, which reduced procurement volumes. Meanwhile, supply in Asia remained steady, preventing any abrupt market disruptions despite declining prices.
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The downward trend continued in November 2024, with acetone trading at 823 USD/MT, down 15% YoY from 965 USD/MT in November 2023. Weak demand from key industrial consumers, combined with ample inventories, kept prices under pressure. Analysts observed that European and Asian markets experienced stable supply levels but insufficient buying activity, limiting any potential price recovery.
By December 2024, acetone prices dropped further to 812 USD/MT, a 18% YoY decrease from 985 USD/MT in December 2023. Despite slight supply constraints in North America that caused localized price increases, the global market remained oversupplied, keeping prices subdued. The decline reflects ongoing demand softness in key industrial segments, particularly in coatings, textiles, and chemical intermediates.
According to Expert Market Research, acetone prices are expected to see moderate regional variation in 2025. While North America may experience temporary price rises due to intermittent supply disruptions, Europe and Asia are likely to maintain stable pricing, supported by steady production and cautious procurement. Market participants are advised to monitor supply-demand shifts and regional inventory levels for effective planning.
The late-2024 performance underscores acetone’s sensitivity to regional market dynamics, including industrial activity, supply chain stability, and feedstock costs. While demand remains consistent in certain specialty applications, the broader market continues to face oversupply pressures, affecting global price trends.
Overall, the acetone market enters 2025 with a cautious outlook. While opportunities exist for price adjustments in regions facing supply constraints, the global trend suggests a continued focus on balanced inventories and strategic procurement to mitigate the impact of weak demand and ensure market stability.