23 January 2013 08:39 [Source: ICIS news]
SINGAPORE (ICIS)--Singapore Acrylic Acid shut its 73,000 tonne/year facility at Jurong Island on 21 January for its annual maintenance, a source familiar with the matter said on Wednesday.
The crude acrylic acid (AA) unit will be shut for about 10 days, the source said.
Toagosei, a joint-owner of Singapore Acrylic Acid, will run its acrylate esters facilities in Singapore at lower rates because of the shutdown at the Singapore Acrylic Acid’s upstream AA plant, market sources said.
However, despite expected tightening of supply, prices of AA/acrylate esters are likely to remain stable-to-soft because of weak buying interest, according to several market players.
Prices of butyl-A fell by $50.00/tonne (€37.50/tonne) week on week at the low end to $1,900-2,000/tonne CIF (cost, insurance & freight) southeast (SE) Asia on an iso-container basis in the week ended 16 January, according to ICIS data.
($1 = €0.75)
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