05 March 2013 04:23 [Source: ICIS news]
MELBOURNE (ICIS)--US acetyls producer Celanese has increased its March price for butyl acetate (butac) in Asia by $40/tonne (€31/tonne) from February, regional buyers said on Tuesday.
The producer increased its benchmark Singapore ex-tank price for butac to $1,350/tonne ex-tank in March, from $1,310/tonne ex-tank in February, the buyers said.
Some regional buyers said they expected an increase in the producer's March butac pricing, in view of rising feedstock n-butanol (NBA) costs along with mounting spot butac selling indications from China in February.
For ethyl acetate (etac), Celanese's March price is unchanged from February, at $975/tonne ex-tank, the buyers added.
Celanese’s production facility in Singapore has a combined etac/butac capacity of 100,000 tonnes/year.
($1 = €0.77)
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