21 May 2010 06:35 [Source: ICIS news]
The plant had 150,000 tonnes/year of etac capacity.
Decision for the shutdown was made a few months back, based on the business climate in ?xml:namespace>
Imports had surged and the cost of imported etac was lower to that of the domestic product, he added.
Etac prices fell amid sluggish demand and bearish market sentiment during the week, according to ICIS Pricing. In southeast Asia, prices declined $20-30/tonne (€16-24/tonne) to $900-920/tonne CFR SE Asia on subdued buying interest.
The company has another 100,000 tonne/year etac plant in
($1 = €0.80)
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|