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



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

ICIS news FREE TRIAL
Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index