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 ?xml:namespace>
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
($1 = W 1,113.37)
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