China’s Shandong Yankuang to shut ethyl acetate plant in August

25 July 2012 06:53  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Shandong Yankuang Chemical plans to shut down its 200,000 tonne/year ethyl acetate (etac) plant in Shandong province in early August for annual maintenance, a company source said on Wednesday.

Its upstream 600,000 tonne/year acetic acid plant at the same site will also be taken off line at around the same time, with the turnaround expected to last for about 15 days, the source said.

The company is currently offering etac at yuan (CNY) 6,000/tonne ($939/tonne) EXW (ex-works), the source said.

Spot etac prices were assessed at CNY5,850-5,950/tonne DEL (delivered) north China on 25 July, down by CNY50/tonne 20 July, according to Chemease, an ICIS service in China.

Ample supply and weak demand caused prices to fall, a market player said.

($1 = CNY 6.39)

By: Elisa Fu

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