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China butac may extend gains on strong acetic acid prices

Focus China butac may extend gains on strong acetic acid prices

Focus story by Jeffrey Ong

SINGAPORE (ICIS)--Domestic butyl acetate (butac) prices in China are likely to track the rising cost of feedstock acetic acid in the near term, with supply also expected to tighten because of scheduled maintenance at domestic facilities in August, industry sources said on Tuesday.

But most domestic butac buyers in China have been buying on a need-to basis, as they expect prices to correct soon after racking up strong gains in recent weeks.

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