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 Q3 2020
Supply was constrained, particularly in the second half of the quarter. Unplanned and planned plant maintenance, largely seen in China, had cut production. Several producers continued to run their facilities at lower operating rates, amid squeezed margins from elevated feedstock costs. Offers were firmer, with spot prices seen at multi-month highs during the quarter.
Import demand in Asia was steady and gathered pace towards the end of the quarter, amid restocking activity ahead of regional holidays. A somewhat gradual pick-up in buying appetite was seen from southeast Asia after coronavirus lockdown measures eased, helping to absorb supply that turned increasingly snug with export-oriented facilities in China running at reduced capacity or under maintenance.
Supply was long throughout Q3. Spot imports from India and Brazil were limited by unattractive European pricing, but more-than-ample volumes were available from domestic suppliers and other importers. Limited demand also contributed to the lengthy supply.
Demand was low for much of Q3, but gradually rose from the weak condition seen in July. Demand in August was also low, but generally within expectations for the typical low season. Demand rose during September, but was within or below expectations for the first half of the month before reaching a good level in the second half.
Supply in Q3 continued to fall as much of feedstock industrial ethanol was diverted to hand sanitizer production, leaving little product available for downstream etac production. Some upstream shutdowns also constrained production.
Demand in Q3 remained elevated as consumer preferences shifted to more flexible packaging as the coronavirus continued to spread across the US. The increased demand coupled with tight supply has pressured the market.
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.
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