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 2020
Supply declined overall as several producers in China kept their plants shuttered until mid-February after the Lunar New Year holidays were extended as part of the Chinese government’s containment measures to combat the coronavirus outbreak. This led to a severe supply strain across Asia.
Demand rose in response to curtailed supply from China as buyers scrambled to secure cargoes as plant shutdowns in China were prolonged due to the extended Lunar New Year holidays (24 January-9 February). Demand weakened towards end March as more countries in southeast Asia implemented lockdowns to combat the spread of the coronavirus.
Supply was ample in early January and lengthened on seasonally low demand. Unattractive pricing reduced imports from India and market length decreased in February. Supply tightened sharply late in the quarter as demand increased and lockdowns across the continent further reduced imports from India.
Demand rose following the seasonal lull. Consumption from the key printing ink and flexible packaging sectors improved in March, driven by an increase in the sale of packaged goods following the introduction of quarantine measures. March typically sees higher seasonal demand from the coatings sector, but it was not seen this year due to the coronavirus outbreak.
Supply of ethyl acetate (etac) was constant in the first quarter of 2020 as product was readily available due to global downstream shutdowns, causing market participants to require less material.
Demand for etac in the first quarter fell as many market participants were under stay-at-home orders and hesitant to conduct business as uncertainty around the resumption of US business activity continues.
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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