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.
Ethyl acetate news and market information products from ICIS
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Updated to Q1 2016
European ethyl acetate (etac) spot prices fell from an average €795/tonne FD NWE in early January to an average €760/tonne FD early in March.
The decreases tracked the more significant reductions of the monthly contract prices for feedstock ethylene.
While supply and demand fundamentals tend to exert a greater influence on etac pricing than feedstock costs, and with ethylene price movements only directly affecting one etac producer, buyers cite any ethylene price reductions when arguing for etac decreases.
Softening etac prices during the first quarter therefore greatly frustrated etac importers who use ethanol as a feedstock and do not reap the same cost relief from lower ethylene costs.
As a result, a number of importers, particularly Indian suppliers, have been unable to conduct business with Europe because of a price gap between prices customers are willing to pay and those suppliers are able to sell at.
ICIS provides pricing information, news and analysis for all major petrochemical and chemical markets, including Ethyl acetate.
We offer unbiased and independent price reporting, with our price assessments being widely quoted as benchmarks in contracts.
Our information is collected from market participants by our global network of reporters, delivering unrivalled coverage of established and emerging markets, including China and Asia.
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.
Our time series of pricing data enables you to build and model trends, to get a view of where markets might be heading. The data service includes charting functionality, allowing you to chart and download multiple data series for manipulation in your own internal models. You can also export data to Excel via the ICIS dashboard service.
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.