Yankuang Cathay Coal starts up acetic acid line

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 China at the close of business last Friday, plunging from record highs of CNY7,500-7,700/tonne ex-tank in early June 2007, according to global chemical market intelligence service ICIS pricing.

Major acetic acid producers in China include Jiangsu Sopo, Celanese, Shanghai Wujing, Yaraco, Shaanxi Yulin Natural Gas Chemical and Daqing Oilfield Chemical Group.

($1 = CNY 6.84)

For more on acetic acid visit ICIS chemical intelligence
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By: Helen Lee
+65 6780 4359

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