South Korea’s Aekyung Petroleum 2-EH

South Korea’s Aekyung Petroleum restarts Ulsan PA / Unv1 Nan Ya Plastics reduces 205,000 mt/year unit run rate

May 03, 2024

Asian 2-ethylhexanol was stable on May 2. Market participants were conserving their resources even before the holidays, and purchases from Northeast Asia and Southeast Asia continued to be "on a need basis". The price of 2-EH was stable for the week, at $1.345/mt, CFR China, and $1.390/mt, CFR Southeast Asia, May 2. Domestic Shandong prices, however, were last heard on May 2 at Yuan 9,500/mt, which is equivalent to $1.121/mt based on import parity. Due to the regional holidays in Asia, both buyers and sellers were on the sidelines. The normal butanol markets saw stable and limited discussion. The lack of trading was attributed by a producer to buyers' limited urgency to replenish before the holiday. Meanwhile, producers had a healthy inventory which reduced the pressure to reduce their offers....

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