03 November 2008 10:12 [Source: ICIS news]
SINGAPORE (ICIS news)--China’s Yankuang Cathay Coal Chemicals started trial runs at its new 300,000 tonne/year acetic acid line in Tengzhou City, eastern Shandong province, as planned last week despite poor market conditions, a company official said on Monday.
“We will ramp up operations gradually in November depending on the market situation,” he added.
Yankuang operates an existing 300,000 tonne/year acetic acid plant at the same site.
The company also plans to start-up its new 100,000 tonne/year downstream ethyl acetate plant later this month. The official did not provide details.
Chinese domestic acetic acid fell yuan (CNY) 100-200/tonne ($14.62-29.24/tonne) to a 10-year low of CNY2,800-3,100/tonne ex-tank in eastern ?xml:namespace>
Major acetic acid producers in
($1 = CNY 6.84)
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