The European and Japanese n-Butanol market witnessed a bullish situation during the month of January xxxx due to increasing prices of feedstock Propylene across the exporting German market which consequently resulted in expensive imports into the Japanese market.
Prices of feedstock Propylene in Germany displayed an increment of around xx in Germany which consequently resulted an increment of approximately xx in the prices of n-Butanol. Likewise, prices of n-Butanol across importer Japan also witnessed an increment of xx.
In terms of supply, increments in the prices of feedstock Propylene in Germany were largely attributed to the willingness of traders to restock inventories of Propylene as demand from the downstream Polypropylene sector was anticipated to materialize. The increments in the prices of Propylene are attributed to production outages across the exporting United States which consequently resulted in higher production costs...
