29 May 2008 07:39 [Source: ICIS news]
SINGAPORE (ICIS news)--Shell Chemicals plans to shut down its 70,000 tonne/year isopropanol (IPA) plant on Bukom island, Singapore, next month due to insufficient propylene feedstock, a source close to the company said on Thursday.
"There is a shutdown for an upstream unit which is why the IPA plant will be shut from June to July," he said, declining to provide further details.
Company officials could not be reached for comment.
Shell’s IPA unit is the only facility in southeast (SE) Asia and prices in the region are expected to firm in June due to the upcoming plant shutdown.
A 250-tonne IPA cargo was heard sold at a high of $1,490/tonne CFR (cost and freight) Malaysia for loading in the second half of June to a trader who had purchased the shipment in expectation of a tightening in supply next month.
IPA spot prices were assessed at $1,430-1,450/tonne CFR SE Asia last week, according to global chemical intelligence service ICIS pricing.
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