Butyl acetate Prices, markets & analysis
For clear insight into regional Butyl acetate markets, you need in-depth price reports direct from those regions.
That’s why ICIS maintains a network of locally based reporters, providing not just price assessments but market commentary and analysis.
Use ICIS information to:
- Follow fluctuations and understand factors driving them
- Input into your own internal analytical models
- Clarify settlements and contracts
- Inform negotiations
Our editor gives their expert view
Butyl Acetate Asia Transcript
ICIS publishes a weekly Butyl Acetate, or ButAc pricing report in Asia.
The report provides two regional quotes namely, CFR South East Asia and CFR China main ports.
Our comprehensive price assessments are based on bulk shipments ranging from 100-500 tons and deals for drummed and iso-tank cargos are also included.
When assessing prices, we also take into consideration upstream prices and the supply situation. Plant operating rates and downstream derivative demand are also taken into account. We report on market activity throughout the week and also provide regular information on plant turn-arounds and outages which can affect the market.
The important Korea, Taiwan and China domestic price information is also covered as there are only a few large producers supplying ButAc into Asia.
ButAc producers, consumers and distributers in Asia contribute to and find our report essential for them to make important business decisions and formulate their monthly settlement prices.
Butyl acetate news and market information products from ICIS
We offer the following regional Butyl acetate coverage to keep you informed of factors and developments affecting prices in the Asia Butyl acetate marketplace.
Price Reporting – More information about the price reports we publish on Butyl acetate
Independent price assessments and market coverage
Price History – More information about the historical price data we publish on Gas
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News & analysis
News & Analysis - News & market analysis specifically relating to Butyl acetate
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
The average spot butyl acetate (butac) price in Asia declined by 8.4% between mid-May and early July, driven by persistently weak regional demand and competition from lower-priced solvent substitute, secondary butac, which is a butene derivative.
Prices fell to $1,150/tonne FOB NE Asia by early July, with southeast Asian importers’ buying ideas capped at $1,200/tonne CFR SE Asia. To protect their market share in the face of competitive offers from China, producers in southeast Asia implemented substantial price reductions during this period.
In a reversal of its pricing strategy in the first half of 2012, US-based Celanese reduced its benchmark Singapore ex-tank prices by $140/tonne, or around 10%, between May and July.
The lower prices offered by southeast Asian producers effectively weakened the demand for butac of Chinese origin, especially as prices in China began rising in early July, in line with a broad-based petrochemical market rebound.
The recovery of domestic butac prices in China boosted export offers to $1,250/tonne FOB China by mid-August, further weakening the demand for Chinese butac in southeast Asia.
Updated in mid-August 2012
ICIS provides pricing information, news and analysis for all major petrochemical and chemical markets, including Butyl acetate.
We offer unbiased and independent price reporting, with our price assessments being widely quoted as benchmarks in contracts.
Our information is collected from market participants by our global network of reporters, delivering unrivalled coverage of established and emerging markets, including China and Asia.
ICIS price assessments are based on information gathered from a wide cross section of the market, comprising consumers, producers, traders and distributors. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments, giving you a robust reference for your negotiations.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Butyl acetate. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities.
Our time series of pricing data enables you to build and model trends, to get a view of where markets might be heading. The data service includes charting functionality, allowing you to chart and download multiple data series for manipulation in your own internal models. You can also export data to Excel via the ICIS dashboard service.
ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Butyl acetate, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.