Indian etac exports to Europe limited

13 September 2013 19:03  [Source: ICIS news]

LONDON (ICIS)--Volumes of ethyl acetate (etac) exported from India to Europe are currently limited because of the weak Indian rupee, high feedstock costs and limited supply, an Indian producer said on Friday.

While the weaker rupee encourages exports, it also renders imports of dollar-priced feedstocks acetic acid and ethanol, which are already expensive, even more costly, cancelling out the benefit of selling etac overseas.

“The rupee has depreciated; imports [of feedstocks] are curbed,” the source said. “We have a weak supply of ethanol imports. Prices have been shooting up.”

The producer added that production of etac in India is limited, worsened by issues with power and water supply in parts of the country. This has resulted in some plants reducing etac production or shutting down.

“There’s not much Indian etac going to Europe. We’ve rationed our supply to Europe,” the source added.

By: Jo Pitches
+44 208 652 3214

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