02 April 2012 04:56 [Source: ICIS news]
MELBOURNE (ICIS)--US-based acetyls producer Celanese has increased its price for ethyl acetate (etac) and butyl acetate (butac) by $130/tonne (€97.50/tonne) each effective 1 April, with regional importers saying on Monday the hike was very high.
The company will increase “list and off-list selling prices” for etac and butac in “Asia outside ?xml:namespace>
The producer operates a 60,000 tonne/year etac, as well as 40,000 tonne/year butac plant in
The proposed April price increases represent approximately 10% of Celanese’s March ex-tank prices in
“[The announced price increase] is too much for us,” a southeast Asian importer said on Monday.
“Absolutely, [the announced price increase] will turn importers to purchase [lower-priced] product from
Etac offers from
Butac, which is derived from acetic acid and n-butanol (NBA), is mainly used in the manufacturing of paints and coatings for the furniture, construction and automotive sectors.
($1 = €0.75)
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