Ethyl Acetate Price Trend Analysis: Q4 2024
In Q4 2024, Ethyl Acetate prices from China (FOB) will fall by 3.62% to USD 748/MT. The drop in prices is primarily due to continued soft demand from Thailand and Vietnam, coupled with a slowdown in the automotive and construction sectors, which are the main consumers of this solvent. The reduction in demand has led to lower procurement and stockpiling, with production in these countries also being influenced by the seasonal decrease in industrial activity.
For Singapore (FOB), the price will stabilize with a slight decline of 0.98%, reflecting reduced import demand from Thailand and Indonesia, despite steady downstream consumption in key industries. Germany (FD) will experience a 5.10% decline, with weaker demand from European industries, particularly the automotive and coatings sectors, which are dealing with a slowdown in production due to global supply chain challenges and rising energy costs.
Belgium (FD) will follow suit with a 5.23% decrease in prices, driven by lower-than-expected demand in the EU region and a continuing weak market sentiment in its major downstream sectors. The CIF markets, including Indonesia and Thailand, will show less import activity, as local production surpluses and increasing competition from alternative suppliers drive down demand.
Vietnam will continue to reduce its import volumes due to logistical challenges and local supply chain issues. Overall, Q4 2024 will experience a slowdown in prices and demand, influenced by seasonal trends and macroeconomic factors.Â
Ethyl Acetate Price Trend Analysis: Q3 2024
In Q3 2024, Ethyl Acetate prices from China (FOB) will drop by 3.53%, marking a continued downward trend in the market. The decline is mainly attributed to seasonal factors, as the summer months traditionally see a slowdown in production activities across key industries like automotive, construction, and coatings. The reduction in demand from Thailand, Indonesia, and Turkey will exacerbate the price dip, as these countries experience a temporary lull in their industrial activities.
For Singapore (FOB), prices will fall by 4.48%, driven by reduced demand from Indonesia and Thailand, where slower production in local manufacturing industries impacts Ethyl Acetate imports. Similarly, Germany (FD) will experience a significant 12.68% price drop, reflecting weak demand from the European automotive and coatings industries, both of which are suffering from reduced output in the face of ongoing global economic uncertainties and high energy costs.
Belgium (FD) will mirror Germany’s decline with a 12.92% drop, driven by a combination of weak domestic demand and softer regional manufacturing activities. The CIF markets, particularly Thailand and Indonesia, will experience a continued decrease in imports, as local overproduction and cost pressures push businesses to adjust their procurement strategies.
Vietnam will also witness lower demand, as domestic manufacturing adjusts to slower market growth. Overall, Q3 2024 will be marked by continued price pressure and reduced demand due to both seasonal factors and global economic concerns.Â
Ethyl Acetate Price Trend Analysis: Q2 2024
In Q2 2024, Ethyl Acetate prices from China (FOB) will decline sharply by 5.34%, driven by weakening demand from downstream industries such as coatings, automotive, and construction. The reduction in demand is mainly attributed to slower consumption in Southeast Asian markets, particularly Vietnam and Thailand, due to economic cooling and logistical issues. The lower demand is compounded by feedstock price reductions, including ethanol, which leads to lower production costs for manufacturers and contributes to the price decline.
Similarly, Singapore (FOB) will see a significant decrease of 10.24%, with reduced imports from Indonesia and Thailand, where demand from the automotive and manufacturing sectors has dropped significantly. Overcapacity in the Southeast Asian region, especially in Indonesia, also plays a role in the price decline.
On the FD side, Germany will experience a price increase of 5.68%, driven by strong demand in the European chemical and automotive sectors, which are recovering post-pandemic. This price increase reflects robust consumption within the EU, particularly in countries like France and Italy.
Belgium will also see a price rise of 5.82%, driven by stable demand across its industrial base. For the CIF markets, Indonesia and Thailand will experience reduced imports due to local overstocking and soft demand, especially in the automotive and coatings sectors.
While Vietnam shows some strength in imports, the overall market will be affected by slower-than-expected consumption growth in the region. Q2 2024 will witness a sharp divergence in prices, with East Asian markets underperforming and European markets showing resilience.Â
Ethyl Acetate Price Trend Analysis: Q1 2024
In Q1 2024, Ethyl Acetate prices from China (FOB) will fall by 4.22% to USD 850/MT. This decline is largely due to a seasonal reduction in demand from downstream industries such as automotive coatings, which typically see lower consumption after the holidays. The price decrease is further compounded by reduced procurement activity in Thailand, Vietnam, and Indonesia, which continue to face logistical challenges and soft demand in key sectors.
For Singapore (FOB), the price will decrease by 3.83%, driven by reduced consumption from its CIF markets, particularly Thailand and Indonesia, where slower manufacturing output has led to lower imports.
On the FD side, Germany will experience a 6.50% increase, reflecting strong demand from the European automotive sector, which continues to recover post-pandemic. This demand increase is also driven by the re-establishment of supply chains and stronger industrial activity across the EU.
Belgium will follow a similar trend, with a 6.58% price increase, supported by continued growth in the coatings and chemical industries in Europe. For the CIF markets, Indonesia and Thailand are expected to see weaker import volumes, as domestic production surpluses reduce the need for imports.
Vietnam, on the other hand, will show stronger demand for imports, as it sees an uptick in manufacturing activity. Overall, Q1 2024 will see a mixed market, with price increases in Germany and Belgium, while China and Singapore face a price decline due to reduced demand in key exporting regions.Â