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

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