LONDON--Despite some European butyl acetate (butac) producers targeting April price hikes on the back of higher feedstock costs, conditions and prices remain mostly steady this week, sources said on Friday.
One producer that targeted an increase of €30/tonne said that “demand hasn't been there enough. We targeted an increase but it [prices] stayed flat.”
“They're trying to increase [prices] a bit,” a distributor said. “Demand is flat. [Prices are] more or less where they were last week.”
However, one butac producer said it managed to achieve a €10/tonne increase, having originally targeted an increase of €30/tonne.