China’s Jiangsu Sopo restarts etac plant after five-day shutdown

06 May 2010 05:46  [Source: ICIS news]

SINGAPORE (ICIS news)--One of eastern China’s major ethyl acetate (etac) producer, Jiangsu Sopo, has restarted its 270,000 tonne/year plant following a five day shutdown in line with the turnaround of its upstream acetic acid plant, a company official said on Thursday.

“We restarted the plant today [Thursday],” he said in Mandarin, adding that the company lost about 3,000 tonnes of product during the five-day shutdown.

The resultant slight tightening of etac supply in the eastern China market pushed offers to yuan (CNY) 6,300-6,400/tonne ($922-937/tonne) ex-tank up CNY100/tonne from pre-Labour Day holiday levels, with deals largely concluded around the bottom end of the range, local producers said.

However, upside price potential was hindered by abundant local etac production even though feedstocks values for ethanol and acetic acid were firm, a Shandong-based producer said.

($1 = CNY6.83)

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By: Helen Lee
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