China oxo-alcohol producers lower NBA, 2EH domestic prices

21 March 2011 11:56  [Source: ICIS news]

SINGAPORE (ICIS)--China-based oxo-alcohol producers Qilu Petrochemical and Jilin Petrochemical have lowered their domestic list prices of n-butanol (NBA) and 2-ethylhexanol (2-EH), market sources said on Monday.

Effective from 18 March, state-owned Qilu Petrochemical and Lihuayi Petrochemical both reduced their NBA and 2-EH list prices by yuan (CNY) 400/tonne ($61/tonne) to CNY13,500–­13,600/tonne and CNY14,700–14,800/tonne, respectively, ex-tank and excluding taxes.

Another major Chinese oxo-alcohol producer, Jilin Petrochemical, lowered its 2-EH prices by CNY300/tonne to CNY14,600–14,800/tonne, on an ex-tank basis, but kept its NBA prices stable at CNY13,600–13,900/tonne ex-tank.

Market sources said they were not surprised by the lower prices, as demand from the derivative dioctyl phthalate (DOP), acrylate esters and butyl-acetate (BUTAC) sectors has softened recently.

($1 = CNY6.57)

Read John Richardson and Malini Hariharan’s Asian Chemical Connections blog

By: Su Yeen Cheong
+65 6780 4359

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