Texas (USA): This week, N-propyl Acetate prices experienced a decrease primarily due to the lack of sufficient cost support from its feedstock, Acetic Acid. The market encountered further difficulties with ample inventories putting pressure on prices, hampering the overall growth of N-propyl Acetate. Moreover, stable natural gas prices added to the subdued market conditions. Overseas demand declined as major international markets engaged in year-end destocking activities, leading sellers to offer inventories at discounted rates. Despite these challenges, demand from the downstream fragrance and flavor industry remained consistently strong. Additionally, the PMI value for the US market remained below xx as of January, signaling contraction in the manufacturing sector.
During the current week, N-propyl Acetate prices have maintained stability, influenced by the insufficient cost support from its feedstock, Acetic Acid. This stability is further influenced by a high-interest rate of x.xx set by the European Central Bank, aimed...
