28 January 2010 11:49 [Source: ICIS news]
The company declared force majeure on ethyl acetate supplies in
“We have been able to supply contractual customers with 30-40% of their volume,” the source added.
Even with a successful restart, the company will then need to go through the process of building stocks and recovering logistics, which was expected to take a few weeks.
As a result of the supply tightness, there was a wide range of prices heard from the European market, but most tended to be between €880-950/tonne ($1,239-1,338/tonne) FD (free delivered) NWE (northwest Europe), according to data from global chemical market intelligence service ICIS pricing.
($1 = €0.71)
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