Japan's Mitsui Chemicals to shut IPA plant in July on weak demand

21 June 2012 10:03  [Source: ICIS news]

SINGAPORE (ICIS)--Japan’s Mitsui Chemicals will shut its 33,000 tonne/year isopropanol (IPA) facility in Osaka on 4 July for about two weeks becasue of weak demand from domestic and regional customers, a source close to the company said on Thursday.

“Demand is generally weak and the export prices are not workable for the supplier based on the current feedstock costs,’’ the source said.

Some IPA producers in Asia have lowered their run rates further in the past month because of a slowdown in exports to markets such as China and southeast Asia.

South Korea’s ISU Chemical halved its output at the end of May by shutting one of its two 30,000 tonne/year lines in Ulsan.

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By: Yeow Pei Lin

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