04 November 2011 12:44 [Source: ICIS news]
LONDON (ICIS)--INEOS Oxide’s glycol ethers plant at Lavera, France, is set to enter into a planned four-week turnaround this weekend, a company source said on Friday.
“If everything goes well, we will go ahead with the shutdown, it [also] depends on the [feedstock] EO plant shutdown,” the source said.
Supply of both grades of glycol ethers – butyl glycol and butyl di-glycol – is long in the European market and prices are on a downward trajectory because of slow demand and softening feedstocks.
Glycol ethers prices were assessed at €1,230–1,290/tonne ($1,708-1,792/tonne) FD (free delivered) NWE (northwest Europe) for butyl glycol and €1,260–1,320/tonne FD NWE for butyl di-glycol in the week ending 28 October.
($1 = €0.72)
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