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Updated to Q3 2017
European supply of ethyl acetate (etac) tightened in the second half of July as major producer INEOS temporarily withdrew from the spot market following an unexpected shutdown of their plant in Hull, the UK.
However, supply returned to balanced conditions in mid-August as demand fell for the typical summer holiday season.
INEOS returned to the spot market in August and supply remained balanced for the rest of the third quarter, despite imports from North America being affected by Hurricane Harvey.
Demand for etac was generally good in July, with other sellers saying they received additional inquiries while INEOS were absent from the spot market.
Demand fell in August, in line with players’ expectations for the usually quiet holiday season, and returned to healthy levels in mid-September.
However, some players said that it was quieter than they expected for September, attributing this to rising prices.
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.
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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.
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