22 October 2010 03:53 [Source: ICIS news]
“Both the lines were taken off line in order to fix the main controller system at the complex,” the source said.
The company intends to start trial production at the plants this weekend and rev up production to full scale by the end of the month.
“We should be able to offer IPA in the market by beginning November,” the source said.
IPA prices have been escalating due to extremely tight supplies following turnarounds at major plants in the region, according to market sources.
Spot prices firmed around $20-40/tonne (€14-29/tonne) this week to $1,250-1,300/tonne CFR (cost and freight) NE (northeast) Asia and largely stable in southeast (SE) Asia at $1,180-1,200/tonne CFR.
Other IPA producers in Asia include LCY Chemical Corp, Isu Chemical, Nippon Oil, Tokuyama and Mitsui Chemicals.
($1 = €0.72)
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