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)
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