22 January 2010 14:35 [Source: ICIS news]
In the week to 15 January, ethyl acetate prices were assessed between €770-800/tonne ($1,085-1,127/tonne) FD (free delivered) NWE (northwest Europe), according to data from global chemical market intelligence service ICIS pricing.
However, during the week to 22 January, prices were assessed in most cases €80-120/tonne higher at €850-920/tonne FD NWE with the expectation of further increases in the weeks ahead.
However, cold weather conditions hampered the early January restart and on Monday 18 January INEOS reportedly informed its contract customers that force majeure was in place for ethyl acetate supplies. Although this was widely reported in the market, it was not confirmed at source.
“We’ve been told a restart is delayed by a further two weeks,” a contract customer said.
“Even with a restart early February, product is unlikely to be available until mid-month,” another buyer commented.
($1 = €0.71)
For more on ethyl acetate visit ICIS chemical intelligence
For more on INEOS visit ICIS company intelligence
Please visit the complete ICIS plants and projects database
To discuss issues facing the chemical industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections