14 September 2010 11:38 [Source: ICIS news]
The two IPA units are currently operating at full capacity, the source said.
IPA prices have been on an uptrend due to limited supplies and lower operating rates at other plants in the region, according to sources.
Regional supply of the material was likely to worsen due to LG's upcoming turnaround at its plants in Yeosu, they said.
Spot prices were assessed $50-75/tonne (€39-59/tonne) firmer for the week ended 10 September at $1,175-1,200/tonne CFR (cost and freight) NE (northeast) Asia and up $20-50/tonne to $1,100-1,150/tonne CFR SE (southeast)
($1 = €0.78)
To discuss issues facing the chemical industry go to ICIS connect
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.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|