China’s Dezhou Detain Chemical to start up new IPA unit in August
18 July 2012 11:14 [Source: ICIS news]
SINGAPORE (ICIS)--?xml:namespace>China’s Dezhou Detain Chemical plans to start up its 50,000 tonne/year acetone-based isopropanol (IPA) unit located at Dezhou in Shandong province in the middle of next month, a company source said on Wednesday.
The existing 10,000 tonne/year IPA plant at the same site is running at full capacity now, but will be shut permanently after the start-up of the new IPA unit, the source added.
IPA supply in the east China market will increase after the start-up, but it is difficult to predict its impact on the prices as it also depends on the feedstock costs, market players said.
Prices for IPA were at yuan (CNY) 9,350-9,400 /tonne ($1,468-1476/tonne) ex-tank east China on 17 July, up by CNY50/tonne when compared with prices on 13 July, according to Chemease, an ICIS service in China.
Meanwhile, prices for feedstock acetone were at CNY7,750-7,800 /tonne ex-tank east China on 17 July, up by CNY150-200/tonne when compared with prices on 13 July, according to Chemease, an ICIS service in China.
($1 = CNY6.37)
By: Monica Cai
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