Why did GNFC shut down its acetic acid plant, and what triggered its restart?

GNFC shut down its acetic acid plant during the week ended May 8 due to rising feedstock methanol costs and weaker downstream acetic acid margins. The plant was restarted in the week ended August 7 after Indian acetic acid prices were supported by delayed shipments from China—caused by typhoons Bavi and White Dolphin—which lifted methanol-to-acetic acid margins into positive territory.

What are the current price levels and margin dynamics for acetic acid and methanol in the Indian market as of early August 2024?

As of August 6, Platts assessed CFR South Asia acetic acid at $500/mt (down $5/mt week on week), reflecting a positive spread of $24/mt over the Platts CFR India methanol assessment. On August 10, domestic ex-tank Kandla acetic acid offers were reported at 72–75 Rupees/kg, while methanol offers stood at 49–50 Rupees/kg.

GNFC restarts Gujarat acetic acid plant after three-month shutdown

Aug 11, 2026

GNFC restarted its acetic acid plant on August 7 after a three-month shutdown triggered by high methanol costs and weak margins. The 100,000 mt/year facility resumes operations amidst supportive Indian market prices driven by Chinese supply disruptions.

chemweek

2026-08-11

GNFC restarts Gujarat acetic acid plant after three-month shutdown

GNFC restarts Gujarat acetic acid plant after three-month shutdown

FAQ