China’s Shanghai Dragonsky plans butac plant shutdown in holidays

27 September 2012 07:47  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Shandong Dragonsky Chemical plans to shut down its 50,000 tonne/year butyl acetate (butac) plant in Shanghai on 28 September during the National Day holiday in the country, a company source said on Thursday.

The company will shut the unit on 28 September and restart it after the holidays, according to the source.

The Chinese domestic markets will be closed for trade from 1-7 October.

In light of the short supply the company has stopped its offers, the source added.

Butac prices in east China dropped slightly in tandem with soft upstream n-butanol (NBA) prices, market sources said.

The spot prices of butyl acetate were assessed at CNY9,700-9,800/tonne ($1,537-1,553/tonne) DEL (delivered) east China on 27 September, down by CNY100/tonne at the high end of the range from CNY9,700-9,900/tonne on 21 September, according to Chemease, an ICIS service in China.

($1 = CNY 6.31)

By: Elisa Fu
+65 6780 4327

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