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The US butyl acetate prices were stable overall in the *nd half of December of ****. Price stability resulted from balanced subdued downstream demand with stable steady supply costs. Before year-end holidays, both buyers and sellers took a passive role due to limited activity; hence, there were only small movements in price. Producers were more focused on domestic inventory management than aggressive spot market activity. Although there was volatility in global container freight rates, and continued uncertainty about the global economy, butyl acetate prices in the north American market continued to show relative stability into ****.
Downstream sales for butyl acetate from several key sectors (automotive coatings/construction paints/industrial solvents) remained very flat through late December due to several factors including high interest rates, caution amongst consumers, and slowing new construction projects. At the same time there were also seasonal influences affecting the purchase volumes...
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