In North America, butyric acid prices remained stable throughout the second quarter.
In the last quarter, the Butyric Acid Price Trend was influenced by several key factors, primarily driven by demand from the animal feed and food industries. The steady growth in animal feed consumption, especially in North America, contributed to market stability. On the other hand, there was stronger demand from the food and flavoring sectors, particularly in the United States, which further supported stable market conditions. Supply remained steady due to the stable availability of feedstock like propylene. In contrast, the Asia-Pacific (APAC) region faced challenges due to logistical disruptions and seasonal drops in demand. However, North America and Europe benefited from resilient supply chains, maintaining price stability. Increased production capacity and resumed operations at important chemical plants in Europe also helped ensure sufficient supply and prevent price spikes.
North America: In North America, butyric acid prices remained stable throughout the second quarter. This was due to a balance between supply and demand, with moderate consumption in the animal feed sector and stronger demand from the food and flavoring industries. Robust supply chains further cushioned the market from disruptions, leading to minimal fluctuations in pricing.
Asia-Pacific (APAC): In the APAC region, prices for butyric acid declined, primarily due to lower demand from the animal feed industry. Seasonal decreases in pork consumption during summer, coupled with logistical challenges like port congestion and high shipping expenses, contributed to this drop. China saw the most significant price decreases, driven by reduced manufacturing activity and an oversupply of ethylene, which impacted propylene availability.
Europe: Europe experienced a notable decrease in butyric acid prices during the second quarter, largely due to improved supply conditions. The resumption of production at key facilities, including OQ Chemicals and LyondellBasell, boosted availability and lower costs. Additionally, weak demand in sectors like chemical intermediates and manufacturing, especially in France, contributed to the consistent drop in prices across the region.
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Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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