Deepak operates IPA unit at 80% on C3 shortage

16 July 2008 07:50  [Source: ICIS news]

SINGAPORE (ICIS news)--India-based Deepak Fertilisers and Petrochemicals is still running its 70,000 tonne/year isopropanol (IPA) plant at a reduced rate of around 80% on a shortage of propylene feedstock, traders said on Wednesday.

Most producers were selling propylene rather than manufacturing IPA as they got better margins from propylene, which was traded at $1,700-1,750/tonne CFR (cost and freight) northeast (NE) Asia last week, they added.

Deepak had cut IPA production to 60% at the onset of the monsoon season in mid-June following a two-week turnaround but had increased it to 80% in early July.

Separately, IPA spot prices in India continued to firm in a tightly supplied market and were assessed at $1,600-1,650/tonne CFR India for July delivery this week, up $25/tonne over last week.

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By: Desmond Chia
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