Celanese cuts May etac price in Singapore by $5/tonne

07 May 2013 11:17  [Source: ICIS news]

TAIPEI (ICIS)--US-based acetyls producer Celanese has reduced its May price for ethyl acetate (etac) in Singapore by $5/tonne (€4/tonne) from April, regional buyers said on Tuesday.

The producer reduced its benchmark Singapore ex-tank price for etac to $960/tonne ex-tank for May from $965/tonne ex-tank in April, the sources said.

During April, the producer further lowered its April etac price to $965/tonne ex-tank from the $970/tonne ex-tank price it announced earlier in the month, the sources added.

Meanwhile, Celanese’s May ex-tank price for butyl acetate (butac) is at a rollover from April, at $1,330/tonne ex-tank in Singapore, the sources said.

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

($1 = €0.76)


By: Trisha Huang



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