Europe butac prices stability, flat demand persists

23 May 2014 17:08 Source:ICIS News

LONDON (ICIS)--The European butyl acetate (butac) market continues to be described by sources on Friday as quiet and stable.

“Absolutely nothing [has changed],” a producer said. “It's relatively quiet on the market, there’s no reason to increase or decrease [prices]. Decreasing prices doesn’t generate any extra demand.”

Butac prices have held steady despite the recent €10/tonne hike in the May contract price (CP) of feedstock propylene.

Participants have recently said that feedstock costs seem to have little influence on butac prices now, with supply and demand playing a far greater part.

“It’s [butac pricing] dissociated from feedstock costs, there’s no reaction whatsoever on the price front,” the producer said.

By Jo Pitches