31 July 2013 17:55 [Source: ICIS news]
LONDON (ICIS)--Europe butyl acrylate (butyl-A) spot prices rose slightly this week compared with last week’s values, on tight supply, sources said on Wednesday.
“We still see it as pretty tight for August,” a trader said, adding that general August demand for the ester is good.
There are few spot deals taking place, but owing to the tight market and the delayed coatings season, those volumes that are available are seeing higher prices.
Another trader said it is quiet because it is the holiday period. However, it is seeking higher prices for August delivery of butyl-A because of tight supply and higher propylene costs.
A buyer said: “August will be a bit slower and always is. Our demand will be about 20% lower than July. May, June and July were strong, and it should pick up a bit again in September.”
The spot range for butyl-A this week increased on the low end at €1,670-1,750/tonne ($2,227-2,333/tonne) FD (free delivered).
Follow Helena Strathearn on Twitter
($1 = €0.75)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections