30 August 2012 10:46 [Source: ICIS news]
SINGAPORE (ICIS)--Chinese chemical producer Yancheng Super Chemical has declared force majeure on product from its 50,000 tonne/year isopropanol (IPA) unit in Yancheng, Jiangsu province, a company source said on Thursday.
The unit was shut down on 26 August due to an equipment problem. The shutdown is expected to last for about one month, the source added.
Supply will tighten because of the shutdown, and domestic prices in east China are expected to rise, according to market players.
IPA prices were assessed at yuan (CNY) 9,400–9,550/tonne ($1,480–1,503/tonne) ex-tank in east China on 30 August – up by CNY100–150/tonne compared with prices on 24 August, according to Chemease, an ICIS service in China.
($1 = CNY6.35)
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections