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![Ethyl Acetate Prices, Pricing, Demand & Supply](https://s3.us-west-2.amazonaws.com/timessquarereporter.com/upload/media/posts/2024-03/07/ethyl-acetate-prices-pricing-demand-supply_1709802963-b.jpg)
North America
The Q4 2023 for Ethyl Acetate was marked by a moderate supply and high level of inventories in the North American market, leading to heavy destocking activities. The prices were influenced by the rising prices of feedstock Acetic Acid and low demand from downstream industries such as construction.
The high-interest rate of 5.5% continued to constrain the purchasing power of these industries, leading to a decline in demand. The shutdown of any plant was not reported during this period. In the USA, the prices of Ethyl Acetate remained stable at USD 1739/MT FOB USGC during the first week of December. The demand from the international market was lower, and the natural gas prices were rangebound.
However, the market was bullish due to robust demand from downstream industries, particularly the construction sector. It is anticipated that the prices will continue to decline in the upcoming weeks, influenced by low demand from downstream industries, such as construction, and a high level of inventories in the market. The quarter-ending price of Ethyl Acetate DEL Chicago in the USA was USD 1739/MT.
APAC
The Ethyl Acetate prices in the APAC region during Q4 2023 witnessed a decline in prices by 8% compared to the previous quarter. The top three factors that affected the market were heavy destocking activities, declining demand from the construction industry, and high inventory levels. In Japan, the prices of Ethyl Acetate were stable and recorded a trend of -3% for the first half of the quarter. The seasonal trend remained steady as there was no major supply chain disruption, and the inventories were flowing without any hindrances. The correlation price percentage in Japan was stable and remained unaffected by the international market. The percentage change in prices from the same quarter of the previous year was -2%. There were no plant shutdowns that affected the market during this quarter. The latest price of Ethyl Acetate CFR Osaka in Japan for Q4 2023 was recorded at USD 1018/MT. In conclusion, the Ethyl Acetate market in the APAC region during Q4 2023 remained stable with a decline in prices due to heavy destocking activities, declining demand from the construction industry, and high inventory levels. Japan remained stable with no major supply chain disruptions, and the prices of Ethyl Acetate remained consistent throughout the quarter.
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Europe
Ethyl Acetate prices in the Europe region remained stable in the current quarter of 2023, with Belgium experiencing the maximum price changes. The market was impacted by factors such as heavy destocking market activity, high level of inventories, rising production costs due to increasing Natural Gas and Coal Gas prices, and lower demand from the international market. Additionally, the construction industry, a major consumer of Ethyl Acetate, experienced a significant decline in demand due to negative market sentiments and high inventories, leading to lower prices for the product. There were adequate inventories in the market to meet downstream demand, and a stable flow of cheaper imports from the Asian market further dampened the Ethyl Acetate market. Belgium experienced a 2% increase in Ethyl Acetate prices, with a trend of stability and no significant seasonality or correlation. The price percentage comparison of the first and second half of the quarter in Belgium was 8%. The current quarter's price of Ethyl Acetate FD Antwerp in Belgium is USD 1042/MT. Overall, the Europe region's Ethyl Acetate market remained stable with suppressed demand and high inventories, leading to lower prices for the product.
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