13 August 2009 07:57 [Source: ICIS news]
SINGAPORE (ICIS news)--China’s Jiangsu Sopo may cut the operating rate at its 200,000 tonne/year ethyl acetate plant in Zhenjiang, Jiangsu province if feedstock ethanol supply remains tight, a company official said on Thursday.
The company’s plan to trim production was preceded by ?xml:namespace>
“We are making losses on ethyl acetate and if ethanol supply remains tight, we may cut operating rates,” he said in Mandarin, adding that the plant was currently operating at full capacity.
Chinese domestic ethanol values rose for a third straight week to yuan (CNY) 4,700-4,800/tonne ($687-703/tonne)
Similarly, domestic ethyl acetate prices in eastern
Such price levels provided negative returns for sellers, local producers said.
($1 = CNY6.84)
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