During the week ending on xxth February xxxx, the Butyl Acrylate is witnessing continued stability in its price trend since the demand from the downstream Paint and Coating enterprises is getting fulfilled with the existing inventories in the storage units, despite the reduced production rates of Butyl Acrylate.
In Brazil, Butyl Acrylate is maintaining its stability with the previous week at USD xxxx/MT (CFR-Santos) on xxth February xxxx. The Paint and Coating enterprises downstream experienced a moderate demand, but this is offset by sufficient existing inventory levels. Regarding trade between the Chinese and Brazilian markets, the flow of Butyl Acrylate is consistent. In China, the ongoing Lunar New Year in February xxxx is resulting in the market players increasing their inventory in anticipation of demand from the Paint and Coating sectors. Despite disruptions in the Red Sea caused by an attack from the Yemen-based Houthis, ships were...
