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 2021
Supply was largely constrained during Q1, against a backdrop of production issues in upstream acetic acid plants amid planned and unplanned shutdowns. Disruptions in production faced in feedstock acetic acid China had a ripple effect in sentiment, raising feedstock supply concerns among etac regional traders and suppliers.
Import demand was rather robust during most of Q1, even as regional suppliers initiated stronger asking levels because of elevated costs of feedstock acetic acid in northeast Asia. In a similar vein, consumption in Chinese domestic markets was robust.
The end of INEOS’s force majeure improved etac supply and rebalanced the market in January following a tight Q4 2020. However, supply tightened again in late February and March as Celanese declarared force majeure. Two domestic producers were also limited by short supply of feedstock acetic acid during Q1 and imports of spot material from Asia remained limited.
Demand for etac was as expected during Q1, rising from winter lows. Some sellers saw strong demand during late February and March, largely bceause of restrictions affecting other suppliers rather than increased consumption. Sources said in early March that buyers were purchasing for April earlier than usual, but due to needing to secure material in a tightening market, rather than requiring greater volumes.
Supply in Q1 fell as feedstock industrial ethanol remains tight for end-uses outside of hand sanitizers. The acetic acid market remains hampered by plant shutdowns, force majeures and tight supply, pressuring etac. Production issues also reached the etac market from the Texas freeze, resutling in force majeures and production issues.
Demand for etac was steady at elevated levels in the first quarter as consumers continue to focus on home repairs and purchase single-use packaging products due to the ongoing pandemic. 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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