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Updated to Q4 2016
The US ethyl acetate (etac) market continued to trend higher during the fourth quarter of 2016. Following the success of price hikes proposed separately by multiple producers towards the end of Q3, further increases were under discussion at the beginning of Q4.
Multiple producers separately announced price increases of 2 cents/lb ($44/tonne), effective 1 October or as contracts allowed, with some citing elevated costs as a reason for the hikes.
Following the October increase, distributor prices were stable for the rest of the quarter. Meanwhile, spot prices were assessed as steady throughout Q4.
According to market feedback, supply was readily available throughout Q4, while demand remained healthy, in line with seasonal expectations.
Sources said that a slowdown in market activity was not uncommon at the end of the financial year, as suppliers examine their inventories and begin planning activities for the next year.
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.
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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.
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.