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 Q2 2021
Spot supply was relatively tight in Q2, owing to a spate of maintenance shutdowns at upstream acetic acid plants, both planned and unplanned. Driving factors in upstream sectors on the back of strong naphtha and crude oil prices in part boosted market sentiment.
Spot demand was healthy in the first half of Q2, fuelling market fundamentals. Strong upstream acetic acid markets, particularly in China, were among the factors supporting etac sentiment. Restocking activity was seen on the buying side.
Supply was tight in April and May. Constraints included major importer Celanese’s ongoing force majeure, low availability of feedstock acetic acid, and Asian and South American imports being limited by logistics issues and feedstock costs. Supply eased to a balanced-to-tight condition during June as import constraints reduced and the availability of acetic acid improved.
Demand was limited for much of Q2, particularly on the spot market. Sharp price increases during Q1 encouraged buyers to delay all but essential purchases in the hope that prices would soften. Demand for June was higher than for May, but remained below the traditional seasonal high.
Supply fell as feedstocks acetic acid and industrial ethanol remained tight due to strong demand and falling production. Production issues persisted through the quarter for the acetic acid market, pressuring etac production rates.
Demand for etac was steady at elevated levels in Q2 as consumers continued to focus on home repairs due to a strong housing market. Strong demand amid tight supply has pressured the market through Q2.
We offer the following regional Ethyl acetate analysis and news coverage to keep you informed of factors and developments affecting prices in the Ethyl acetate marketplace.
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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.