26 April 2012 09:22 [Source: ICIS news]
The turnaround at the plant is expected to last one to two weeks, the official said.
Part of the reason for the plant shutdown is persistently slow demand for the solvent acetate, the official added.
“We have been under increasing pressure to raise etac prices because of our rising acetic acid costs, but demand is not there to support our higher price targets,” he said.
Excess supply has curbed etac’s feedstock-led price gains, forcing most producers to operate with negative margins.
Upstream acetic acid prices have risen by 10% since early March to close at an average of $455/tonne (€346/tonne) FOB (free on board)
Other etac producers in
($1 = €0.76)
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