14 June 2012 07:01 [Source: ICIS news]
MELBOURNE (ICIS)--US-based acetyls producer Celanese has reduced its ethyl acetate (etac) price in ?xml:namespace>
The company has reduced its benchmark
Celanese’s plant in
“The market has fallen further, and this is a more realistic price level,” said a regional buyer.
Selling indications for China-origin etac declined to $980-990/tonne CFR (cost & freight) SE (southeast) Asia this week, in line with recent losses in upstream acetic acid prices and lower domestic etac prices in
Celanese’s butac price is at $1,330/tonne ex-tank for June, which was a $90/tonne reduction from May.
“Celanese may adjust down the butac price again, because product from
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 = €0.80)
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