LCY raises Taiwan’s largest IPA plant output to 80-90%

22 January 2010 03:43  [Source: ICIS news]

SINGAPORE (ICIS news)--Taiwan’s Lee Chang Yung Chemical (LCY) raised operating rates at its Kaoshiung-based 100,000 tonne/year isopropanol (IPA) plant to 80-90% earlier this month, a company source said on Friday.

The company was running at reduced operating rates of 50% in the last quarter of 2009 due to a shortage of feedstock propylene. The turnaround of the country’s state-owned firm CPC’s 385,000 tonne/year No 3 naphtha cracker at Linyuan from late October to the middle of December limited propylene supplies.

Operating rates of LCY’s IPA unit has increased after the turnaround of the upstream unit, but the LCY was still unable to run full rate as CPC has not restored fully the propylene supply in January.

“Currently, we are able to supply to our customers’ needs,” the LCY source said.

“We will start to offer next week for February arrivals and selling ideas/offers will depend on the raw material cost and size of cargoes,” he added.

IPA spot prices were assessed on Friday at $1,200-1,250/tonne (€852-888/tonne) CFR (cost and freight) NE (northeast) Asia, underpinned by bulk transactions for January shipments and buy sell indications/ideas for February parcels, market players said.

Other IPA producers in Asia include LG Chem, Isu Chemical, Nippon Oil, Tokuyama and Mitsui Chemicals.

($1 = €0.71)

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


By: Ong Sheau Ling
+65 6780 4359



AddThis Social Bookmark Button

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