Market News and Views

June 2007
ICIS Chemical Business;6/18/2007, Vol. 2 Issue 71, p19
Trade Publication
The article reports on the unplanned shutdown of the acetic acid plant of U.S. producer Celanese. Even before U.S. producer Celanese announced force majeure on acetic acid and downstream acetyls from its 1.2 million tonne/year plant at Clear Lake, Texas, market players had voiced concerns over future supply issues, despite dramatic drops in feedstock methanol pricing. The force majeure at Clear Lake led Celanese to allocate 50% of contracts for 60 days, effective May 14, 2007.


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