13 February 2012 08:37 [Source: ICIS news]
In addition, the company will shut its 60,000 tonne/year butyl acrylate (butyl-A) plant and a 30,000 tonne/year ethyl acrylate (ethyl-A) plant at the same site after shutting its AA unit, the source said without elaborating further.
The shutdowns is not expected to cause a supply shortage in east
The spot prices of butyl-A rose by yuan (CNY) 600-700/tonne ($95-111/tonne) over the past two weeks to CNY13,200-13,400/tonne on 10 February.
The prices rose mainly because trade activity picked up after the Lunar New Year in late January, according to Chemease, an ICIS service in
Shanghai Huayi is a key AA and acrylate esters producer in east
($1 = CNY 6.29)
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