ExxonMobil puts IPA customers on 85% allocation for July

09 July 2004 23:15  [Source: ICIS news]

HOUSTON (CNI)--ExxonMobil Chemical said Friday it has put its isopropanol (IPA) customers on 85% allocation for July due to “unplanned operating issues” at the company’s 340 000 tonne/year IPA plant at Baton Rouge, Louisiana

ExxonMobil Chemical spokeswoman Susan Reeves told CNI today that unspecified operating issues at the Baton Rouge plant “limit our ability to manufacture IPA in sufficient quantities to keep up with current strong demand.”  She declined to detail the nature of the operating problems.

 

Reeves said it is expected to take about three months to restore normal production rates and rebuild inventory at the Baton Rouge plant.

 

IPA is reported tight worldwide.  Houston-based ICIS-LOR editor Aaron Goetze told CNI today that IPA pricing is at historical highs of some 50-51 cent/lb delivered for distributors.  Goetze noted that there have been six announced IPA price increases so far this year compared with only four announced price increases for all of 2003.

 

He said IPA prices have moved up 12 cent/lb from January through June this year.

 

ICIS-LOR is part of Reed Business Information (RBI), publisher of CNI.  ExxonMobil Chemical is based in Houston.


By: Joe Kamalick
+1 713 525 2653



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