The USA Witnessing a Depletion in Ethyl Acetate Market Outlook
The USA Witnessing a Depletion in Ethyl Acetate Market Outlook

The USA Witnessing a Depletion in Ethyl Acetate Market Outlook

  • 25-Aug-2022 3:09 PM
  • Journalist: Gabreilla Figueroa

Texas, USA: For over a month, the cost of Ethyl Acetate has been falling readily in the USA. Though the rate of price decline has reduced, prices are plunging into a narrow range. However, the trend is still downwards, and the momentum is weak. Along with the market's growth, the manufacturer has decreased their Prices. The retail of Ethyl Acetate has been deteriorating in the country every week. Meanwhile, demand for Ethyl Acetate in the domestic market continued to decline. During the week ending on 19th August, the price of Ethyl Acetate was assembled at USD 1990/MT FOB USGC, showcasing a fall of 0.50% within a week.

Due to the reducing manufacturing and start-up cost, the region's Ethyl Acetate market sentiment has been declining. The prices of the feedstock Acetic Acid and its raw material, Methanol, have been decreasing significantly. As a result, the Ethyl Acetate market outlook has been plummeting. Reduced enterprise transportation has also contributed significantly to the nation's drop in Ethyl Acetate prices.

The offtake of Ethyl Acetate from downstream industries such as paints, varnishes, and lacquers has been slumping in the market, further contributing to the price drop of Ethyl Acetate. On the other hand, Ethyl Acetate has a solid supply and an excess of inventories. Altogether, excessive supply flow, poor inquiry about the product, and falling feedstock value have determined the downward trend of Ethyl Acetate in the USA market. Consequently, the market outlook of Ethyl Acetate has been depleting for a long time and has lost hope of any change in the sentiments.

As per ChemAnalyst anticipations, "The market for Ethyl Acetate will continue to show a decreasing pricing trend in the upcoming weeks. Furthermore, unless demand from end-user industries, such as paints, varnishes, and lacquers, improves, the price trend of Ethyl Acetate will remain negative. However, if the cost pressure increased and the price of the feedstock acetic acid increased, the price of Ethyl Acetate would likely increase."

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