Prices of Butyric Acid have remained stable across the French market since the beginning of the year xxxx despite prices of feedstock Propylene witnessing a surge of approximately xxx across Europe. The prime reason for stability in the prices of Butyric Acid in France is largely attributed to maintenance of an adequate gap between demand and supply which prevented the prices of the product from fluctuating.
On the supply side, conditions remained challenging with shipments of feedstock Propylene being largely reduced and delayed due to unplanned shutdowns of Propylene plants across the United States and the crisis at Red Sea worsening in January xxxx, which consequently caused freight charges from US to Europe increase by xxx.
On the demand side, the post festive dullness continued to prevail across Europe because of which production rates of Butyric Acid remained largely moderate. The demand of Butyric Acid from...
