China's Jiangsu Sopo trims etac output on short acetic acid supply

19 April 2013 06:55  [Source: ICIS news]

MELBOURNE (ICIS)--Chinese producer Jiangsu Sopo Chemical has further trimmed its ethyl acetate (etac) output because of insufficient acetic acid supply, a company source said on Friday.

The producer is running its 500,000 tonne/year etac plant at Zhenjiang in Jiangsu province at “below 40%” of capacity, from about 40%  in the previous week, the source said.

Jiangsu Sopo on 7 April announced a force majeure on its acetic acid supplies after shutting its 600,000 tonne/year plant on 4 April because of mechanical problems.

Its other 400,000 tonne/year acetic acid plant at the same Zhenjiang site is unaffected.

As the shutdown of its largest acetic acid plant is likely to be prolonged, the company on 13 April restarted its smallest 200,000 tonne/year acetic acid plant, which has been idle since April 2011, the source said.

Domestic etac prices in eastern China were stable-to-soft at yuan (CNY) 5,700-5,950/tonne ($922-963/tonne) EXW this week, shedding CNY50/tonne at the low end, according to Chemease, an ICIS service in China.

($1 = CNY6.18)

Additional reporting by Elisa Fu

By: Trisha Huang

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