Chinese 2-EH majors cut domestic prices by CNY200-300/tonne

01 April 2010 09:52  [Source: ICIS news]

SINGAPORE (ICIS news)--China’s state-owned Qilu Petrochemical and Jilin Petrochemical have cut their domestic prices for 2-ethyl hexanol (2-EH) by 1-2% effective 1 April due to depressed demand from downstream plasticizer segment, market participants said on Thursday.

Qilu Petrochemical brought down its 2-EH price by yuan (CNY) 200/tonne ($29/tonne) to CNY14,500-14,830/tonne ex-tank excluding taxes, while Jilin Petrochemical cut its prices by CNY300/tonne to CNY14,300-14,500/tonne, they said.

The price cuts, however, would not have an impact on regional 2-EH prices due to prevailing tight supply, said a regional trader.

($1 = CNY6.83)

For more on 2-EH visit ICIS chemical intelligence
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By: Su Yeen Cheong
+65 6780 4359

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