Europe etac tight conditions, stable prices ongoing

23 May 2014 17:22 Source:ICIS News

LONDON (ICIS)--The European ethyl acetate (etac) market remains tight with the majority of participants reporting stable prices on Friday

“It looks stable [in terms of prices], it’s still tight, not a lot of availability,” a producer said.

A distributor said: “I see a stabilisation of pricing. No increases are possible.”

The tight conditions persist as a result of delayed imports into Europe and sellers continuing to carefully manage sales of spot material.

However, some participants expect a downward movement of etac prices when the imports have arrived later next month.

“I hope stability will persist until at least late June when the imports come in,” the producer said. “I expect some downward movement in pricing once the imports come in.”

This source added that its own pricing decision will depend on factors next month.

“It’s a question of waiting to see what happens later in June,” the producer said. “We'll see how to react. It all depends on how much volumes will arrive, and how aggressive they [importing sellers] are [in terms of pricing].”

By Jo Pitches