04 October 2010 08:51 [Source: ICIS news]
The plant was originally scheduled to start operations in late September.
“The market is not good,” the official said in Mandarin, citing current oversupply and sluggish demand in the acetic acid market.
Chinese domestic acetic acid prices remained on a downward trend last week, hitting 20-month lows of yuan (CNY) 2,500-2,700/tonne ($374-403/tonne) ex-tank in eastern China in post mid-Autumn holiday trades. The prices were down CNY50/tonne from pre-holiday levels, based on ICIS data.
Major acetic acid producers in
($1 = CNY6.69)
To discuss issues facing the chemical industry go to ICIS connect
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|
Asian Chemical Connections