Free n-Butanol Prices Trend and Forecast New York
- Location: New York, New York, NY, United States
n-Butanol prices trajectory remained stable during the third quarter, with a month-on-month increase of 2%, backed by the increasing petrochemical feedstock costs in the country amidst elevated demand from European importers in August 2022 and high upstream input cost pressure on the product's pricing dynamics. This quarter's volatility in natural gas costs raised the variable cost pressure on the commodity. On the demand side, the new orders from the downstream paints and coating from the construction sector were lower than in the previous quarter for the product. Meanwhile, US trade activities were subdued in September 2022 due to the congestion at Felixstowe and Liverpool port due to wages dispute. As a ripple effect, it affected the cargo momentum of N-Butanol during the Q3 of 2022.
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