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.
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Updated to Q2 2016
Butyl Acetate (Butac) spot prices gradually increased in the second quarter, compared to the first quarter, during a pick up in seasonal demand. In late June, average Butac spot prices in northeast Asia stood at $662/tonne FOB NE Asia, as compared to $655/tonne FOB NE Asia in late April.
Gains were strongest from early-April to mid-April amid expectations of a rebound in seasonal demand in China when prices rose to an average of $670/tonne FOB NE Asia, the highest during the quarter.
From then on, the market has remained relatively stable with minor fluctuation in prices in May. Demand was slowing down towards late May but most sellers were holding firm to prices because of high cost pressure from firm feedstock prices, according to market participants. Subsequently, average prices in May inched down by around $5/tonne, to $665/tonne FOB NE Asia.
The increases in the second quarter also coincided with higher crude oil values during the same period. Demand, however, remained limited in certain parts of southeast Asia amid holiday such as the water festival in Thailand.
From June onwards, a decline in demand became more visible ahead of the typical seasonal lull for the butac market. Downstream sectors gradually reduced production and buying appetite were watered down. As a result, downward pressure exerted on spot prices were increased.
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.