The ICIS Ethyl Acetate reports are published in Asia, Europe and the US on a weekly basis.
All regions cover the spot market, while in the US there is also a distributor price assessment. The independent pricing information is gathered locally by our network of reporters. Commentary and analysis covers regional activity, upstream news, production updates and graphs, ensuring you are equipped with the latest market movements when making your commercial judgements.
Updated to Q1 2019
The supply is expected to remain stable to soft. A southeast Asian producer is planning a turnaround at its etac/butac swing plant in Singapore in end February for a month. While turnarounds at Chinese plants were not yet heard, operation rates at some plants might be curtailed as part of environmental protection measures to reduce pollution during winter.
Demand is expected to remain subdued in Q1. Some spot buyers may return to restock in early January but otherwise, demand will likely slowdown as the Lunar New Year approaches in early February. There is some expectations that demand would pick up end February/March as seen traditionally but uncertainties in the global economy is clouding the demand outlook.
The completion of a expansion at INEOS’s Hull, UK plant is set to result in 335,000 tonnes of capacity in 2019 – an increase of 70,000 tonnes compared with Q1 2018.There is the potential for growth in import volumes as well, though Europe may become a less attractive export destination if increased domestic supply results in downwards pressure on prices.
European demand for etac will rise during the first quarter of 2019. Re-stocking activity will contribute to an increase in demand during January and consumption will increase during the quarter compared with the seasonally low levels seen in December.
Supply of ethyl acetate (etac) is likely to increase near the end of the first quarter of 2019 as Prairie Catalytic’s new bioethanol-to-etac plant in Columbus, Nebraska is expected to start up. It was originally expected to begin producing material by the end of 2018 before some minor issues arose, delaying production until late March or early April.
Demand for ethyl acetate (etac) should be stable into the first quarter of 2019, likely tracking the strength of the US economy. Etac is used in paints and coatings and can see demand rise in line with increased activity in the construction sector.
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Ethyl Acetate Methodology
The major outlet for ethyl acetate (EAC) is coatings which account for 60% of demand. Process solvents, including pharmaceuticals and organic synthesis, account for 15% while printing inks are also estimated at 15%.
Ethyl acetate (etac) is a colourless, mobile, volatile liquid, with a characteristic pleasant fruity odour. It is highly flammable, soluble in ethyl alcohol and ether but slightly soluble in water.
It is used in a variety of coating formulations such as epoxies, urethanes, cellulosics, acrylics and vinyls. Applications for these coatings are numerous including wood furniture and fixtures, agricultural, construction and mining equipment, auto refinishing, and maintenance and marine uses.
Ethyl acetate has applications as a solvent in inks for flexographic and rotogravure printing. It is used as an extraction solvent in the production of pharmaceuticals and food, and as a carrier solvent for herbicides. High purity product can be used as a viscosity reducer for resins used in photoresist formulations in the electronics industry.
As an active solvent, etac is available in three grades: 85-88%, 99% and 99.5% (urethane grade). The most popular is 99% grade which is chiefly used in industrial lacquers and enamels.
Miscellaneous uses of etac include adhesives and cosmetics.
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