02 July 2009 12:32 [Source: ICIS news]
SINGAPORE (ICIS news)--Japan’s largest isopropanol (IPA) producer, Nippon Oil Corp, plans to keep running its 85,000 tonne/year plant in Kawasaki at 70-80% for the fourth straight month in July, a company official said on Thursday.
“The current market situation is still quite bad,” he said.
The onset of the global economic downturn in late 2008 had hurt IPA demand from the derivative inks and coatings sector as exports of finished products such as cars and furniture had been affected.
IPA spot prices were assessed stable at $800-830/tonne (€568-589/tonne) CFR (cost and freight) northeast ?xml:namespace>
($1 = €0.71)
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