Shanghai Wujing restarts ethyl acetate plant

24 March 2008 09:24  [Source: ICIS news]

SINGAPORE (ICIS news)--Shanghai Wujing Chemical is running its ethyl acetate (etac) plant in China at 80-90% of its capacity following an eight-day maintenance shutdown from 14 March, a company official said on Monday.

"We resumed operations during the weekend," he said, adding that the impact of the shutdown, at the 200,000 tonne/year plant in Wujing, Shanghai, on the domestic market was short-lived.

"Domestic ethyl acetate prices have corrected downwards since the restart of operations due to ample domestic supply in the country," he said.

Etac prices in eastern China were down yuan (CNY) 100/tonne ($14.2/tonne) to CNY7,800-7,900/tonne ex-tank this week from mid-March.

($1=CNY7.05)

By: Helen Lee
+65 6780 4359

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