24 April 2012 22:36 [Source: ICIS news]
HOUSTON (ICIS)--US butyl acetate (butac) prices dropped by an average of 3.5 cents/lb across the board in the past week on lower raw material costs, especially that of propylene, sources said on Tuesday.
US buyers said the butac distributor price had fallen to 100-105 cents/lb ($2,205/tonne-2,315/tonne, €1,676-1,759/tonne) from the previous 105–107 cents/lb.
Butac primarily is sold through distributors in the US.
Butac prices jumped earlier this month on a rise in propylene, but that feedstock has fallen back in recent weeks. Spot chemical-grade propylene (CGP) traded in the past week at 70.00-70.50 cents/lb, down from a high of 77 cents/lb earlier this month.
Major US butac producers include Dow Chemical, Eastman and Oxea.
($1 = €0.76)
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