08 December 2011 06:50 [Source: ICIS news]
MELBOURNE (ICIS)--China’s Shanghai Wujing Chemical plans to shut its 200,000 tonne/year ethyl acetate (etac) plant at Wujing in Shanghai this week because of weak demand for the solvent acetate, a company official said on Thursday.
The producer has not yet decided on the length of the shutdown, according to the official, who declined to specify an exact date for the shutdown.
The decision to shut the plant was spurred by the prevailing weak demand for the solvent acetate amid a generally uncertain economic outlook, the official said.
“We can’t see any improvement in etac demand in the lead up to the Lunar New Year,” the official added.
Other etac producers in China include Jiangsu Sopo Chemical and Jiangmen Handsome Chemical Development.
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