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).
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($1 = €0.75)
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