Celanese cuts July butyl acetate price in Asia by $50/tonne
03 July 2012 08:29 [Source: ICIS news]
MELBOURNE (ICIS)--US-based acetyls producer Celanese has decreased its butyl acetate (butac) price for July by $50/tonne (€40/tonne) from June, regional buyers said on Tuesday.
The company has reduced its benchmark ?xml:namespace>Singapore ex-tank price of butac to $1,280/tonne ex-tank this month, from $1,330/tonne ex-tank in June, the buyers said.
Celanese’s ethyl acetate (etac) price for July is at $980/tonne ex-tank, unchanged from the second half of June.
Celanese’s plant in Singapore has a combined etac/butac capacity of 100,000 tonnes/year.
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)By: Trisha Huang
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