China’s Jiangsu Lianhai cuts etac output on unfavourable economics

13 September 2013 08:53  [Source: ICIS news]

MELBOURNE (ICIS)--China’s Jiangsu Lianhai Biological Technology has cut the operating rate at its 300,000 tonne/year ethyl acetate (etac) plant to 50% capacity because of unfavourable economics, a source close to the company said on Friday.

The producer lowered its plant operating rate on 12 September from about 70% capacity previously, the source said.

The economics of manufacturing etac have deteriorated because the prices of etac have failed to keep pace with the gains in feedstock acetic acid and ethanol, the source added.

China, with a nameplate capacity of about 3m tonnes/year, is the world’s largest producer and exporter of etac.

Other major etac makers in China include Jiangsu Sopo, Wuxi Baichuan Chemical Industrial, Shandong Jinyimeng, Jiangmen Handsome Chemical Development and Shanghai Huayi Group.

By: Trisha Huang

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