08 November 2013 17:42 [Source: ICIS news]
LONDON (ICIS)--Both prices and conditions in the European butyl acetate market have held steady, participants said on Friday.
“What we said is that we’ll offer a minimum rollover for November,” a producer said. “Our target is to stabilise prices. This is more or less accepted though the whole chain.”
“It’s [the market] stable, no change,” a distributor said. “It's pretty dull. Same as last week in terms of prices.”
While one butac producer will be undergoing planned maintenance during the last ten days of November, the distributor does not believe any effect will be felt in the market.
“Maintenance will not have an impact,” the source said. “They built up inventories beforehand.”
However, some participants feel there could be a softening of butac prices in late November or early December.
A Russian producer said: “In late November prices may go down, and demand as people get rid of inventories. Customers may ask for lower prices then, or not buy at all. It’s regular seasonal pattern."
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