US butac contines to drop on falling propylene costs

19 July 2011 18:04  [Source: ICIS news]

HOUSTON (ICIS)--US butyl acetate (butac) continues to drop on falling feedstock costs, especially that of propylene, sources said on Tuesday.

The popular butac distributor price dropped by 8.5 cents/lb ($187/tonne, €133/tonne) in the past week to 98-102 cents/lb.  

In the past four weeks, the butac distributor price has fallen by 11.5 cents/lb.

A buyer said butac was following the drop in feedstock US propylene, which has plunged in recent weeks because of current and anticipated supply gains, including the restart of a plant in Texas.

July propylene contracts settled down by 4 cents/lb last week. Spot chemical-grade propylene (CGP) has dropped by more than 10 cents/lb since late May.

The plunge in propylene also has pulled down butac feedstock n-butanol (NBA), which has slipped by 3 cents/lb in July.

Major US producers of butyl acetate include Oxea, Dow Chemical and Eastman Chemical.

($1 = €0.71)

For more on butyl acetate, visit ICIS chemical intelligence

By: Lane Kelley
+1 713 525 2653

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