S Korea's ISU Chemical to restart IPA plants in mid-November

02 November 2012 09:03  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea’s ISU Chemical is expected to restart its two 30,000 tonne/year isopropanol (IPA) units in Ulsan in mid-November after completing three weeks of maintenance, a source close to the company said on Friday.

Fellow South Korean producer LG Chem took its 55,000 tonne/year IPA unit in Yeosu off line on 1 November for about one-and-a-half weeks. The shutdown is to help prepare for the start-up of the producer’s new 50,000 tonne/year IPA line, which is scheduled to begin trial production in the second half of November.

The spate of shutdowns has reduced the availability of spot cargoes from South Korea, although there has been no significant impact on Asia’s spot prices so far because downstream demand is weak, market players said.

They added that IPA prices will be more closely influenced by changes in feedstock acetone prices, which have recently increased.

“Producers are holding back on their offers now. They may have to increase prices if feedstock costs are to go up further,” a trader said.  

By: Yeow Pei Lin

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