09 January 2013 07:38 [Source: ICIS news]
MELBOURNE (ICIS)--China’s Rizhao Jiahong Biological Technology has been running its 100,000 tonne/year ethyl acetate (etac) plant at Rizhao in Shandong province at 60% capacity since late December 2012, a company source said on Wednesday.
The further output cut was prompted by weak export demand for the solvent used in coating, printing ink and adhesives, the source said.
The producer may further reduce its plant operating rate in the near term, unless market conditions improve, the source added.
Rizhao Jiahong earlier in December reduced its plant operating rate to 70% capacity in respone to poor market conditions.
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