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

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

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