09 October 2009 05:48 [Source: ICIS news]
SINGAPORE (ICIS news)--Mitsui Chemicals is running its 33,000 tonne/year isopropanol (IPA) plant in Osaka, Japan, at 100% after restarting the unit on 1 October following an unplanned shutdown from 19-30 September, a company official said on Friday.
The smallest of Japan’s three IPA producers, however, planned to take the facility off line for one week starting 1 November. This would be the fifth time that Mitsui is shutting the plant this year due to poor economics and to reduce inventories, the official added.
IPA was traded lower at $960-980/tonne (€652.80-666.40) CFR (cost and freight) northeast Asia last week, facing pressure from declines in feedstock propylene values, according to global chemical market intelligence service ICIS pricing .
($1 = €0.68)
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