18 December 2013 23:59 [Source: ICIS news]
Acrylate esters include methyl acrylate (methyl-A), ethyl acrylate (ethyl-A), butyl acrylate (butyl-A) and 2-ethylhexyl acrylate (2-EHA).
The feedstock propylene contract price in December rose by €30/tonne, but traditionally slow end-of-year demand in a balanced-to-long market resulted in the majority of acrylate esters contracts rolling over or falling slightly, depending on ester and starting point.
A small number of contracts saw a small increase, but any potential impact from the increase in the cost of propylene is only expected to be seen in January, sources said.
December demand is typically lower owing to the holiday period, and buying interest is at the normal level for the time of year. Market participants are reducing inventories to reduce working capital.
Butyl-A, ethyl-A and 2-EHA spot prices remain on a downtrend this week, on softer supply/demand dynamics, sources said.
Acrylic acid and its esters are used in the manufacture of various plastics, coatings, adhesives and elastomers, as well as floor polishes and paints.
($1 = €0.73)
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