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)
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