21 November 2012 18:31 [Source: ICIS news]
HOUSTON (ICIS)--US isopropanol (IPA) contracts prices increased by 3 cents/lb ($66/tonne, €52/tonne) for November on tight supply conditions, market sources confirmed on Wednesday.
The increase takes IPA contract pricing to a new range of 75-80 cents/lb, as assessed by ICIS.
Widespread increase nominations for the month stemmed mainly from supply constraints. Most producers have implemented sales controls that are likely to remain in effect through the end of the year, based on operational or logistical problems during the past several weeks.
One large producer continued to supplement the supply needs of another facing production issues, sources said. A source also said planned maintenance at Shell’s 95,000 tonne/year IPA plant in Sarnia, Canada, was not on schedule, but that was not confirmed.
US IPA suppliers include Shell Chemicals, Dow Chemical, LyondellBasell, ExxonMobil, Haltermann and Sasol.
($1 = €0.78)
For more on IPA, visit the ICIS Plants & Projects database
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