29 June 2012 10:21 [Source: ICIS news]
SINGAPORE (ICIS)--Producers in ?xml:namespace>
Qilu Petrochemical cut pre-tax domestic prices of NBA by CNY200/tonne to CNY9000-9100/tonne ex-tank on 28 June, sources said.
Lihuayi Petrochemical cut pre-tax domestic NBA prices on 28 June by CNY100/tonne to CNY9000-9200/tonne ex-tank, they said.
Similarly, Jilin Petrochemical and Daqing Petrochemical both cut pre-tax domestic NBA prices by CNY100/tonne to CNY8800-9000 ex-tank.
However, despite a decrease in NBA prices buying interest will remain weak in the downstream butyl acrylate (BA) and butyl acetate (BAC) sectors as a result of overall weak economic conditions and seasonal low, regional traders said.
($1 = CNY6.36)
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