Ethyl acetate Prices, markets & analysis
ICIS offers trusted and reliable market intelligence for those buying or selling Ethyl acetate or related products in the global Ethyl acetate market.
Our reporters across Asia, Europe and the US keep in touch with local markets, bringing you price assessments, in-depth news and analysis which you can rely on to guide you in your commercial decisions.
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Ethyl acetate Overview Transcript
Ethyl acete or etac is a solvent with the main outlet being coatings which account for about 60% of demand.
Process solvents including pharmaceuticals and organic synthesis account for 15% while printing inks are also estimated at 15%. Miscellaneous uses including adhesives cosmetics account for a further 10% of demand.
The main European producers of ethyl acetate are Ineos, Sekab and Solutia. Product is regularly imported from Celanese in the US and Rhodia in Brazil. There are also imports of Indian product, and while there are some regular players involved in this, there is also some more sporadic involvement depending on net-backs and demand.
Producers generally agree contracts direct with the larger customers and have contracts with the distribution network to deliver to medium and smaller buyers.
Ethyl acetate’s key feedstocks are ethanol and acetic acid or ethylene and acetic acid depending on the player.
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Ethyl acetate: Market overview
In Europe, sellers’ attempts to increase January ethyl acetate (etac) prices have so far been unsuccessful because of an abundance of December material in the market. Reasons for the attempted hikes include increased feedstock costs, expected restocking, and in the case of importers, increased European import duty. Some participants expect some upward movement of etac prices in February or March, when the old volumes have been consumed.
The US etac market, after a fairly flat 2013, is expected to see more activity the first half of 2014. Most of the etac buying during the first quarter of 2014 will be to replace orders not made in December, and to gear up for the paints and coatings season.
The prices of etac in Asia are expected to continue tracking those of raw materials acetic acid and ethanol in first-quarter 2014. After hitting a 20-month high in December 2013 on the back of increased feedstock costs, etac prices in Asia are likely to moderate in the first quarter after the prices of methanol, acetic acid and ethanol began to weaken. The prices of etac offered by China, the regional benchmark, may come under further downward pressure as producers sought to clear their inventories in the lead up to the Lunar New Year holiday stating on 31 January.
Updated to mid-Jan 2014
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Ethyl Acetate Methodology
About Ethyl acetate
Ethyl acetate (etac) is a colourless, mobile, volatile liquid, with a characteristic pleasant fruity odour. It is highly flammable, soluble in ethyl alcohol and ether but slightly soluble in water.
It is used in a variety of coating formulations such as epoxies, urethanes, cellulosics, acrylics and vinyls. Applications for these coatings are numerous including wood furniture and fixtures, agricultural, construction and mining equipment, auto refinishing, and maintenance and marine uses.
Ethyl acetate has applications as a solvent in inks for flexographic and rotogravure printing. It is used as an extraction solvent in the production of pharmaceuticals and food, and as a carrier solvent for herbicides. High purity product can be used as a viscosity reducer for resins used in photoresist formulations in the electronics industry.
As an active solvent, etac is available in three grades: 85-88%, 99% and 99.5% (urethane grade). The most popular is 99% grade which is chiefly used in industrial lacquers and enamels.
Miscellaneous uses of etac include adhesives and cosmetics.