Ethyl acetate Prices, markets & analysis
ICIS price reporting for regional Ethyl acetate markets is unparalleled in its ability to keep you on top of the information you need.
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Ethyl acetate Europe Transcript
ICS reports on ethyl acetate, referred to as Etac, in Europe, the US and Asia.
In Europe the report consists of spot prices for ethyl acetate and prices are quoted in euro per metric tonne on a free delivered northwest European basis.
The standard spot size in Europe is for a parcel that represents a full truck load of 20 to 25 tonnes
The report contains information about spot prices, monthly price-targets posted by producers, agreed business, demand-supply factors including any planned and unplanned production schedules.
It also includes a snapshot of developments for upstream products like ethanol, ethylene and acetic acid.
The European Etac report is generated after conversations with buyers, sellers and traders in the market. We take account of market sentiment as well as deals completed in the week.
Many users rely on the ICIS report in the basis of their contract negotiations, and find it an essential tool in discussions.
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The European ethyl acetate (etac) market saw prices climb to an average €1,000/tonne FD NWE during April, the highest level since November 2011, because of tight supplies.
Prices were driven upwards on a combination of fewer imports entering Europe and reduced availability of European spot volumes.
The former resulted from the increase in European import duty which came into effect on 1 January.
Higher costs of selling to Europe, combined with relatively low European etac prices at the time, meant a number of importers from the countries affected - including Saudi Arabia and India - instead chose to sell to regions where higher prices could be achieved.
Regarding shortages of European spot volumes, having restarted production on the weekend of 12-13 April, one producer continued to carefully manage its spot sales and prices.
Other European sellers have also been strict with their pricing.
Furthermore, a number of Indian etac vessels that were originally due to arrive in Europe in April and May were delayed because of congestion in ports in India.
This ongoing tightness has kept prices at this high level.
Updated to Q2 2014
ICIS provides pricing information, news and analysis for all major petrochemical and chemical markets, including Ethyl acetate.
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ICIS price assessments are based on information gathered from a wide cross section of the market, comprising consumers, producers, traders and distributors. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments, giving you a robust reference for your negotiations.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Ethyl acetate. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities.
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ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Ethyl acetate, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.