In recent weeks, N-Propyl Acetate prices in the German market have declined, primarily due to declining import N-Propyl Acetate costs and weak market opening after holiday season comes to an end. Despite rising natural gas prices increasing N-Propyl Acetate production expenses, the N-Propyl Acetate market supply has been sufficient to meet downstream demand. Trading activity has been somewhat subdued, influenced by the European holiday season and reduced construction activity in Germany. Consequently, the acetate industry has seen decreased N-Propyl Acetate demand, leading to fewer downstream inquiries and exerting downward pressure on prices.
In contrast, Huntsman&#xx;s latest quarterly report highlights an increase in both quarter-on-quarter sales and year-on-year demand from the N-Propyl Acetate鈥檚 downstream construction sector. However, rising shipping container costs from the Asian market have driven up production expenses. Although ocean freight rates from Asia to Northern Europe and the Mediterranean have eased by about...
