Japan’s Mitsui Chem restarts Osaka IPA plant on 23 April

26 April 2010 10:39  [Source: ICIS news]

SINGAPORE (ICIS news)--Japan’s Mitsui Chemicals restarted its 33,000 tonne/year isopropanol (IPA) plant in Osaka on 23 April following a turnaround, a company official said on Monday.

"We will ramp up to 100% operation as soon as possible as our inventory is relatively low," the official said.

The plant was taken off line on 6 April for a scheduled turnaround, the official added.

Mitsui Chemicals decided not to sell its lone 1,000-tonne cargo available for the spot market this month, as its offer price of $1,280-1,300/tonne (€960-975/tonne) CFR (cost and freight) China failed to entice buying interest, he said.

IPA spot prices in Asia were negotiated at $1,220-1,260/tonne CFR China on 23 April,
according to global chemical market intelligence service ICIS pricing.

Other IPA producers in Asia include Lee Chang Yung Chemical (LCY), LG Chem, Isu Chemical, Nippon Oil and Tokuyama.

($1 = €0.75)

For more on IPA visit ICIS chemical intelligence
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By: Ong Sheau Ling
+65 6780 4359



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