Celanese cuts April butac price in Asia by $20/tonne – sources

02 April 2013 10:14  [Source: ICIS news]

MELBOURNE (ICIS)--US-based acetyls producer Celanese has reduced its April price for butyl acetate (butac) in Asia by $20/tonne (€16/tonne) from March levels, regional buyers said on Tuesday.

The producer reduced its benchmark Singapore ex-tank price for butac to $1,330/tonne ex-tank in April from $1,350/tonne ex-tank in March, the buyers said.

Some regional buyers said in late March that they expect a decrease in the producer’s April butac pricing in view of the decline in feedstock n-butanol (NBA) costs and the lower butac selling indications from China during March.

For ethyl acetate (etac), Celanese’s April price is at $970/tonne ex-tank, down by $5/tonne from March, the buyers added.

Celanese’s production facility in Singapore has a combined etac/butac capacity of 100,000 tonnes/year.

($1 = €0.78)

By: Trisha Huang

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