China's Jiangmen Handsome keeps reduced etac output in Guangdong

21 September 2012 06:51  [Source: ICIS news]

MELBOURNE (ICIS)--China’s Jiangmen Handsome Chemical Development is maintaining its ethyl acetate (etac) output in Guangdong province at about 80% of capacity as supply of feedstock ethanol remains tight, a company source said on Friday.

“We are still keeping etac output at our Jiangmen plant at a reduced rate because the supply situation for ethanol has not improved,” the source said.

At its 320,000 tonne/year etac/butyl acetate (butac) swing plant at Jiangmen, production in an etac line has since the week ended 24 August been switched to normal propyl acetate (NPAC) as the company sought to reduce the plant’s total ethanol consumption.

Ethanol, typically made from corn and tapioca in China, is used in combination with acetic acid for etac production.

Jiangmen Handsome increased its domestic etac offer by yuan (CNY) 100/tonne ($16/tonne) this week to CNY7,100/tonne ex-works (EXW) in southern China, in line with firm feedstock ethanol and acetic acid costs. Its export etac asking price is $980/tonne FOB China for bulk cargoes loading at southern China.

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 = CNY6.30)

By: Trisha Huang

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