Shandong Jinyimeng cuts etac unit operating rate on weak margin

16 May 2014 10:01 Source:ICIS News

PATTAYA (ICIS)--China’s Shandong Jinyimeng has reduced the operating rate at its ethyl acetate (etac) plants because of a margin squeeze, a company source said on Friday.

The producer lowered its overall plant operating rate to about 50% of capacity around the middle of this week from about 90% capacity previously, the source said.

Shandong Jinyimeng’s two etac plants, located separately in Shandong and Jiangsu provinces, have a combined etac capacity of 350,000 tonnes/year.

High feedstock acetic acid costs along with slow demand from the downstream sectors, prompted the company’s decision to slash output, the source added.

By Trisha Huang Allison Shi