For clear insight into regional Ethyl acetate markets, you need in-depth price reports direct from those regions.
That’s why ICIS maintains a network of locally based reporters, providing not just price assessments but market commentary and analysis.
Updated to Q4 2018
China largely maintained their operations rate at stable level, while a southeast Asian producer ran in full. While certain Chinese and northeast Asian producers had turnarounds in Q4, there was largely no shortage, as demand was slow. Importing markets in northeast and southeast Asia had ample inventory, which added pressure to local prices because of strong competition.
Demand was slow in Asia with buying sentiment hit by uncertainties in the global economy and declining upstream prices. End-users took a cautious approach and bought on a need-to-basis, amid ample supply. At the year-end, some buyers preferred to keep their inventory low and were sidelined. Some importers delayed or skipped their usual monthly purchase amid a downtrend and loss of margin, as they held sufficient inventory.
We offer the following regional Ethyl acetate coverage to keep you informed of factors and developments affecting prices in the Asia Ethyl acetate marketplace.
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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%.
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