China’s Shandong Yankuang to restart etac plant this week

26 April 2012 10:39  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Shandong Yankuang Chemical plans to restart its 200,000 tonne/year ethyl acetate (etac) plant in Shandong province at the end of this week, a company source said on Thursday.

The plant was shut on 20 April, following an outage at an upstream 600,000 tonne/year acetic acid plant at the site, the source said.

The company’s etac offer on 24 April was yuan (CNY) 6,800/tonne ($1,078/tonne) EXW (ex-works), the source said.

Etac spot prices were assessed at CNY6,650-6,700/tonne DEL (delivered) in north China on 26 April, according to Chemease, an ICIS service in China.

($1 = CNY6.31)

By: Elisa Fu

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