Japan's Nippon Oil to keep IPA unit op rate at 70-80% in Jul

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 Asia last week, according to data from global chemical market intelligence service ICIS pricing.

($1 = €0.71)

For more on IPA, visit ICIS chemical intelligence 
To discuss issues facing the chemical industry go to ICIS connect
Please visit the complete ICIS plants and projects database

View an archived ICIS webinar on solvents here

 

 

By: Peh Soo Hwee
+65 6780 4359

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly