China's Jiangmen Handsome cuts south China etac output
29 August 2012 07:13 [Source: ICIS news]
MELBOURNE (ICIS)--?xml:namespace>China’s Jiangmen Handsome Chemical Development has reduced its ethyl acetate (etac) output in southern China to about 80% of capacity because of tightened supply of feedstock ethanol, a company source said on Wednesday.
The company switched an etac line at its 320,000 tonne/year etac/butyl acetate (butac) swing plant at Jiangmen in Guangdong province to normal propyl acetate (NPAC) production last week, the source added.
The switch to NPAC output was aimed at reducing the company’s total ethanol consumption, and should continue for another week or so, the source added.
Ethanol is used in combination with acetic acid in etac production.
The prices of ethanol are at yuan (CNY) 6,430-6,600/tonne ($1,013-1,039/tonne) EXW (ex-works) in eastern China this week, compared with CNY6,150-6,450/tonne in late June, according to Chemease, an ICIS service in China.
Etac prices are stable this week at CNY6,200-6,350/tonne in eastern China, after declining from CNY6,250-6,400/tonne in the week ending 17 August, according to Chemease.
Jiangmen Handsome has a 60,000 tonne/year butac plant at Huizhou in Guangdong province in southern China, in addition to the swing plant at Jiangmen.
In eastern China, the company operates a facility at Taixing in Jiangsu province that can produce 120,000 tonnes/year of etac and 60,000 tonnes/year of butac.
($1 = CNY6.35)
With additional reporting by Elisa FuBy: Trisha Huang
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