LONDON (ICIS)--Relatively low European butyl acetate (butac) prices mean that the European market is not currently attractive to Russian producers trying to sell there, a producer in the country on Friday.
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However, most have so far been unsuccessful due to flat demand for the product.
The Russian producer said, “[European butac] prices are still the same. Besides propylene price hikes, acetic acid [prices] have increased dramatically in the past two weeks. We wanted to increase [butac prices for
The source said it will monitor European butac prices and it will consider re-entering the market, should they increase.
A second Russian producer withdrew from the European market late last year.
In March, this source said “The market in
European butac prices have remained largely stable since October 2013.