TITLE

Market News and Views

PUB. DATE
June 2007
SOURCE
ICIS Chemical Business;6/18/2007, Vol. 2 Issue 71, p19
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
25890827

 

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