Celanese raises September ethyl actate, butyl acetate prices in Asia

30 August 2012 03:50  [Source: ICIS news]

MELBOURNE (ICIS)--US-based acetyls producer Celanese has increased its ethyl acetate (etac) price in Asia for September by $20/tonne (€16/tonne) to $1,020/tonne, regional buyers said on Thursday.

The company’s benchmark Singapore ex-tank price for etac in Asia was at $1,000/tonne in August.

For butyl acetate (butac), Celanese raised its September price to $1,320/tonne ex-tank, up by $40/tonne from August, the buyers added.

Celanese’s plant in Singapore has a combined etac/butac capacity of 100,000 tonnes/year.

“The proposed price increases were in line with the higher price indications from China,” said a buyer.

For cargoes loading in September, Chinese etac makers’ offers rose to $930-940/tonne FOB China in bulk, driven by the recent gains in feedstock ethanol costs.

Mounting upstream n-butanol (NBA) costs boosted producers’ asking prices for bulk butac to $1,260-1,320/tonne FOB China this week, compared with $1,240-1,280/tonne FOB China the previous week, according to information collected by ICIS.

($1 = €0.80)


By: Trisha Huang



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

ICIS news FREE TRIAL
Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index

Related Articles