25 November 2010 12:45 [Source: ICIS news]
LONDON (ICIS)--INEOS’s butyl acetate unit in ?xml:namespace>
The source said the unit, with a 100,000 tonne/year nameplate capacity, would undergo routine maintenance for two weeks.
“We plan to restart just before Christmas, but if there are problems, it will be just after,” the source added.
The company has had a force majeure (FM) declaration in place for butyl acetate supplies due to the limited supply of feedstock butanol from the Oxochemie unit in
Despite the force majeure on butyl acetate, prices softened slightly by €10/tonne ($13/tonne) in November due to the lacklustre level of demand.
Spot prices were assessed between €1,090-1,130/tonne ($1,453-1,507/tonne) free delivered (FD) northwest Europe (NWE), according to ICIS data.
($1 = €0.75)
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