As xxxx came to a close, both North American and European Butyric Acid markets faced significant challenges, characterized by bearish conditions and a heavy focus on destocking amid sluggish demand for Butyric Acid. Suppliers, dealing with large inventory buildups, were hesitant to offload Butyric Acid stock, fearing devaluation and the looming tax implications associated with year-end inventory, particularly in Europe. The uncertainty in the Butyric Acid market added additional pressure on suppliers, especially in Europe, where the situation was particularly acute.
In the U.S., the demand for Butyric Acid remained mixed. There was a slight uptick for Butyric Acid used as a chemical intermediate, with chemical production increasing by x.xx in November xxxx and capacity utilization holding steady at xx.xx. However, the animal feed sector continued to be a significant concern for Butyric Acid demand. A x.x-bushel-per-acre drop in corn yields led the U.S. Department of Agriculture...
