Korea Alcohol raises domestic etac price by W50/kg for October

04 October 2012 03:30  [Source: ICIS news]

MELBOURNE (ICIS)--Korea Alcohol Industrial has increased its domestic ethyl acetate (etac) pricing for October, a company official said on Thursday.

The South Korean producer’s October etac price will be at won (W) 1,230/kg ($1,105/tonne) ex-works (EXW), up by W50/kg from September, the official said.

Its September etac price of W1,180/kg was itself a rollover from August.

Korea Alcohol, which operates an 85,000 tonne/year etac/butyl acetate (butac) swing plant in Ulsan, is South Korea’s sole producer of etac and butac.

South Korean demand for etac in 2011 was estimated by market sources at 90,000-100,000 tonnes. Most of the 69,000 tonnes of etac imported in 2011 were from China.

($1 = W 1,113.37)

By: Trisha Huang

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