25 July 2012 22:25 [Source: ICIS news]
“GAA and butyl acrylate (butyl-A) are seeing import pressure, so that is keeping prices lower,” a producer said, but there is some demand. Our 9-10 cents/lb [decrease] is mostly [feedstock] propylene, which is the most important factor.”
June chemical-grade propylene (CGP), on which the July acrylates price is primarily based, fell by 15.50 cent/lb to 30-month low of 50.50 cents/lb.
Although buyers reported reductions in a range of 8-12 cents/lb, decreases in the mid-range were most broadly heard.
“There's plenty of material out there,” a buyer said. “There are no supply issues, and we are running steady here.”
($1 = €0.83)
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