22 December 2011 06:57 [Source: ICIS news]
The new plant will double the producer’s current IPA capacity to 60,000 tonnes/year, the source said.
ISU Chemical, the smaller of the two IPA producers in
Market participants said the company is likely to try growing its exports to the key Chinese market, but is likely to face strong competition from domestic producers.
“IPA prices have been weak this year because of the ample supply of competitively priced local product,” a source based in
“Next year, the market may continue to be tough because of economic uncertainty,’’ the source added.
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