08 June 2012 04:14 [Source: ICIS news]
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“[Celanese’s June prices] are more realistic,” said a regional buyer.
“Their prices [for etac and butac] were very high in the past two months, compared to the prices of cargoes from
The depreciation of several southeast Asian currencies, including the Malaysian ringgit and the Indonesian rupiah, versus the US dollar in recent weeks, has also weakened demand for US dollar-denominated petrochemical imports, said a regional supplier.
Selling indications for China-origin etac declined to $990-1,000/tonne CFR (cost & freight) SE (southeast) Asia this week, in line with the recent losses in upstream acetic acid prices and domestic etac prices in
Butac of China origin is available at about $1,300/tonne CFR SE Asia for June shipment, according to market participants.
Etac, which is mainly produced by the esterification of ethanol with acetic acid, is used in coating formulations like epoxies and vinyls, and in solvent applications for inks and food.
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 = €0.79)
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