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    US ethyl acetate producers did not announce any Q4 price increases and prices were expected to remain flat. European suppliers struggled to maintain prices due to high feedstock costs and flat demand. China's market saw slowing demand in October due to holidays, keeping prices stable.

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    ethyl acetate

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    US ethyl acetate producers did not announce any Q4 price increases and prices were expected to remain flat. European suppliers struggled to maintain prices due to high feedstock costs and flat demand. China's market saw slowing demand in October due to holidays, keeping prices stable.

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    31 views1 page

    Eac 13 11

    Uploaded by

    Elham Drs
    US ethyl acetate producers did not announce any Q4 price increases and prices were expected to remain flat. European suppliers struggled to maintain prices due to high feedstock costs and flat demand. China's market saw slowing demand in October due to holidays, keeping prices stable.

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    of 1

    CHEM-NET FACTS

    1 novemBER 2013

    CHEMICAL MARKET INSIGHT AND FORESIGHT - ON A SINGLE PAGE

    Tel: +44 20 7924 3955


    Fax: +44 20 7978 5307
    Email: [email protected]
    Web: www.orbichem.com

    Ethyl Acetate
    US ethyl acetate producers did not announce
    any price increases for the fourth quarter,
    and it is possible that market participants are
    comfortable with rolling over prices in the
    final three months of 2013. Feedstock prices
    were mixed in October, with ethylene spot
    prices increasing later in the month. Market
    demand reportedly was steady with coatings
    and packaging demand at seasonal norms.
    Prices into the distribution market were around
    59-62 c/lb at the end of September. The
    butyl acetate market was just the opposite in
    terms of pricing pressure, as all three major
    producers announced 3 c/lb price increases
    for October.
    European ethyl acetate market prices
    remained under pressure in October due to
    flat selling prices and high feedstock prices.
    Ethyl acetate producers failed to capture any
    momentum created by higher costs in August
    and September, and feedstock ethylene prices
    decreased in October and November. Spot
    prices were seen at 840-860/ton ddp
    Northwest Europe in early October, and market
    participants said prices were unchanged
    during the month. Market sentiment was weak
    in late October. Ineos said it would keep its
    250,000 tpa plant at Hull, UK, operational
    despite announcing the closure of the VAM
    unit at that facility.
    Chinas export prices for ethyl acetate were
    quoted at $860-865/ton fob China Main
    Port in early October. Average domestic
    ethyl acetate prices increased in September,
    but the long holiday period at the beginning
    of October put a halt to market momentum.
    Market prices at the beginning of October were
    Rmb5700-5850/ton ex tank in East China and
    Rmb6100-6300/ton ex tank in South China.
    The prices were quoted at Rmb5800-5900/
    ton delivered in North China.

    Sep-2013
    /lb
    59.00-62.00
    /ton
    960-990
    840-860
    $/ton
    930
    5700-5850
    860-865

    US PRICES
    Domestic
    WEST EUROPE PRICES
    Domestic
    Spot
    ASIA PRICES
    Taiwan Imported
    China Domestic (Rmb/ton)
    China Export

    Oct-2013
    /lb
    59.00-62.00
    /ton
    960-990
    840-860
    $/ton
    930
    5700-5850
    860-865

    Oct-2013
    $/ton
    1301-1367
    $/ton
    1310-1351
    1146-1173

    DDP
    DDP
    DDP
    CFR
    EXW
    FOB

    Short-Term
    Price Trend

    934-958

    = See Text
    Rmb/ton prices include VAT at 17%

    US Dollars per Ton

    ETHYL ACETATE PRICES : 2 YEAR SPAN

    1750
    1500
    1250
    1000
    750
    In Conversion to US$ the 17% VAT Element in Chinese Rmb Prices has been Excluded for Comparative Purposes

    500
    ov
    N

    c
    De

    20

    b
    Fe

    12

    ar
    M

    r
    Ap

    ay
    M

    n
    Ju

    l
    Ju

    g
    Au

    p
    Se

    ct

    ov
    N

    c
    De

    20

    Product

    Location

    Definition

    Ethyl Acetate
    Ethyl Acetate
    Ethyl Acetate

    United States
    West Europe
    China

    Domestic DDP
    Domestic DDP
    Domestic (Rmb/ton) EXW

    US Dollars per Ton

    13

    b
    Fe

    ar
    M

    r
    Ap

    ay
    M

    n
    Ju

    l
    Ju

    g
    Au

    p
    Se

    ct

    ETHYL ACETATE PRICES : 10 YEAR SPAN

    2000
    1750
    1500
    1250
    1000
    750
    500
    In Conversion to US$ the 17% VAT Element in Chinese Rmb Prices has been Excluded for Comparative Purposes

    250
    2004

    2005

    2006

    2007

    2008

    2009

    Product

    Location

    Definition

    Ethyl Acetate
    Ethyl Acetate
    Ethyl Acetate

    United States
    West Europe
    China

    Domestic DDP
    Domestic DDP
    Domestic (Rmb/ton) EXW

    2010

    2011

    2012

    2013

    Short-Term Price Trends


    US ethyl acetate prices should stay flat amid
    stable Q4 demand levels.
    Europe etac suppliers struggle to maintain
    prices in Q4.
    Chinas slow market demand to keep price
    levels in check during November.

    Reproduction of any part of this work by any process whatsoever without written permission of Tecnon OrbiChem is strictly forbidden

    Disclaimer

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