Oxea seeks 3-cent hike for US butac

13 June 2014 20:52 Source:ICIS News

HOUSTON (ICIS)--Oxea is seeking a 3-cent increase for US butyl acetate (butac) for 1 July, ICIS learned Friday.

The company did not give a reason for the proposed increase. Earlier this week, the company reported that it had technical delays in restarting its plant in Bay City, Texas.

Current capacities at the plant are 230,000 tonnes/year of NBA and 80,000 tonnes/year of butac.

Current ICIS-assessed prices of US butac are 91-94 cents for contract prices, 92-94 for distributor prices, and 82-85 for spot prices.

Major suppliers of butac are Dow Chemical, Eastman Chemical and Oxea.

By Andrew Guy Jr