Butyl Acrylate Costs Remain Steady in USA Market With Stable Inventory Levels
- 27-Dec-2022 1:44 PM
- Journalist: Harold Finch
The demand for Butyl Acrylate in the USA from downstream adhesives and Acrylic rubbers sectors remained steady, thus tracing a downtrend price owing to a rise in product stockpiling amidst a stableness in offtakes. The supply chain in the USA market was good enough, although the consumption of the product was steady. Along with fluctuation in crude oil prices in the USA market, there was a decrease in intermediate materials procurement like Acrylic Acid, which further continued to fall. With the low-cost pressure of raw material prices, the cost side saw a decline in the trend within the regional market. Crude oil Prices are falling, so producers could make some profit margins, relieving cost pressure from the prices of Butyl Acrylate.
The prices of Butyl Acrylate remained stable in the USA, with costs ranging at USD 2117/tonne Butyl Acrylate DEL Texas as recorded by ChemAnalyst pricing team data. The inventories were steady due to soothing downstream purchases from the paints and coatings sector. Imports from several countries such as Japan, South Korea, the United Kingdom, and Italy were invariable now in the regional market. The feedstock Acrylic Acid prices fluctuated, further affecting the market sentiments.
Although the freight charges are observed to be easing up due to increased import competition, improved supply reliability, and lower prices, the timeline of exports to the USA shrank as freight rates and demand softened, making Butyl Acrylate much more competitive, given delays in moving US materials. Most Butyl Acrylate is sold for less than the cost of production because of current low demand and restricted access to foreign markets. The usage of adhesives, textiles, and cleaning products was appropriately plummeting at a moderate rate, as the traders and suppliers comprehended. As per ChemAnalyst, the prices of Butyl Acrylate are further expected to remain steady for a further time period in the region.