03 September 2013 21:58 [Source: ICIS news]
HOUSTON (ICIS)--Prices for ?xml:namespace>
Oxea, Dow and Eastman each announced in August 3 cents/lb ($66/tonne, €50/tonne) price increase nominations for butac for September, citing higher prices in feedstock propylene. August propylene contract prices settled at a 5 cent/lb ($110/tonne) increase.
“There’s a lot of demand for butyl acetate,” one source said. “Propylene prices have gone up, and the paints and coatings industry is still pushing a lot of the demand.”
That sentiment follows news on Tuesday that the
Several sources said on Tuesday that butyl acetate buyers were likely trying to pre-buy at lower rates before the possible price increases. That’s risky, however, as no one wants to get stuck with too much supply if the market stalls, a distributor said.
Butyl acetate contract prices rolled over at a range of 84.00-87.00 cents/lb. Contract prices remained at a range of 82.00-85.00 cents/lb.
($1 = €0.76)
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