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Updated to Q2 2017
Spot prices in the European ethyl acetate (etac) market during Q2 initially continued the steady downward trend, following its Q1 peak in mid-February. However, prices rose sharply in the first two weeks of May to a new annual high on strong demand and tight supply.
The market tightened as only limited imported volumes were arriving in northwest Europe. High freight costs from India and tightness in the US discouraged exports from these regions.
Prices were stable at this level during May, then slipped in the first full week of June on increased availability. The contract reference price for feedstock ethylene was settled lower for June, causing further downwards pressure on prices.
Demand was generally strong throughout the quarter. The second quarter is typically a period of high demand for etac as it includes the peak season of demand from the downstream coatings industry.
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.