18 September 2013 23:59 [Source: ICIS news]
LONDON (ICIS)--European September acrylate esters contract prices have risen from the previous month, on higher feedstock costs, sources said on Wednesday.
Prices have risen by €10-50/tonne ($13-67/tonne), depending on ester and on starting point. Acrylate esters include methyl acrylate (methyl-A), ethyl acrylate (ethyl-A), butyl acrylate (butyl-A) and 2-ethyl hexyl acrylate (2-EHA).
Demand is steady and butyl-A availability has eased slightly in recent weeks, but August and September propylene prices have added upward pressure to the market.
Butyl-A contract prices saw firmer hikes because of limited availability. Butyl-A supply is limited, owing to the sales control in place at BASF's 110,000 tonne/year Ludwigshafen facility in Germany.
Players along the supply chain have been struggling with squeezed margins this year, amid poor macroeconomic conditions.
The September feedstock propylene contract price rose by €60/tonne.
AA and its esters are used in the manufacture of various plastics, coatings, adhesives and elastomers, as well as floor polishes and paints.
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($1 = €0.75)
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