South Korea's LG Chem to shut IPA unit for maintenance

19 October 2012 07:33  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea's LG Chem plans to shut its 55,000 tonne/year isopropanol (IPA) plant in Yeosu in end-October or early November for about one-and-a half weeks of maintenance, a source close to the company said on Friday.

The shutdown of the acetone-based line will likely limit the producer's exports in November, market sources said.

''LG will likely have no fresh offers to some markets until the end of November or in early December,'' a trader said.

The company has already delayed a mid-October shipment to early November, possibly because of the upcoming turnaround, another trader said.  

Market players said the expected reduction in supply from LG Chem is unlikely to have a significant impact on the Asian market, given the current weak demand and the restart of a few facilities in northeast Asia in early October.

LG Chem, the largest IPA producer in South Korea, also operates a 45,000 tonne/year propylene-based IPA unit in Yeosu.

By: Yeow Pei Lin

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