Yankuang Cathay's new EA plant start-up on track

08 October 2008 06:50  [Source: ICIS news]

SINGAPORE (ICIS news)--Yankuang Cathay Coal Chemicals' new 100,000 tonne/year ethyl acetate (EA) plant in Tengzhou City is on track to come on stream at the end of October, in line with the start-up of its new 300,000 tonne/year acetic acid line at the same site, a company official said on Wednesday.

 

The start-up was in line with the progress of project works, the official said in Mandarin. The plants are located in Shandong province in eastern China.

 

Chinese domestic ethyl acetate prices fell further after the country’s Golden Week holidays due to poor demand, a supply glut and bearish sentiment in the wake of declining crude oil values, other producers said.

 

Ex-tank deals in eastern China were down yuan (CNY) 300/tonne ($44/tonne) at CNY6,900-7,000/tonne ex-tank compared with late September levels.

 

($1 = CNY6.81)

 

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By: Helen Lee
+65 6780 4359



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