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 2020
Asia-Pacific supply was relatively ample during Q2, especially within China, generating downward pressure on spot prices in the region. The coronavirus pandemic across the globe dampened the market, and producers in China lowered plant operating rates or kept their facilities shut on squeezed margins. Efforts were made by suppliers in the region to stimulate demand as they lowered asking levels for spot cargoes.
Demand for Asia etac was downbeat for most of Q2 in southeast Asia and northeast Asia outlets. The coronavirus pandemic globally left market participants cautious about making imports. Towards the end of Q2, lockdown measures began to ease, and signs of a gradual recovery in southeast Asia helped to stem the downward pressure.
Supply of etac was balanced to tight during early April on limitations on imports from India. Constraints on supply eased in early May, with the market reaching a long condition later in the month on weaker demand. Supply capacity was ample and there were no significant production issues.
Demand for etac was kept healthy during April and early May by strong demand from the flexible packaging sector driven by the need for packaged goods during quarantine lockdown conditions throughout Europe. From the second half of May onwards, subsided packaging demand, the absence of seasonal demand for coatings and the consumption of previously built stocks of material resulted in weak demand.
Supply of US etac in the second quarter fell as much of the feedstock industrial ethanol was diverted to hand sanitizer production, leaving little product available for downstream etac production. Some upstream outages also added supply pressure.
Demand for etac in the second quarter rose 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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