29 November 2012 09:45 [Source: ICIS news]
Correction: In the ICIS news story headlined " China's Jiande Xinhua starts up IPA plant at Zhejiang" dated 29 November 2012, please read in the headline … at Jiangsu … instead of … at Zhejiang … and in the first paragraph … at Yancheng in Jiangsu province … instead of …. at Jiande in Zhejiang province …. A corrected story follows.
SINGAPORE (ICIS)--China’s Jiande Xinhua Chemical has started trial production at its 50,000 tonne/year propylene-based isopropanol (IPA) plant at Yancheng in Jiangsu province early this week, a source close to the company said on Thursday.
“It is a good time for the producer to start up its plant as propylene is now a more competitive feedstock compared to acetone,” the source said.
The new capacity is unlikely to have any immediate impact on the domestic market in east China, where supplies have remained low because of plant shutdowns and low imports, market sources said.
Jiande Xinhua has stopped producing IPA at its 100,000 tonne/year IPA/isopropylamine swing plant at Jiande in Zhejiang province earlier this month because of the rising costs of acetone, which is used by the plant as a feedstock, market sources said.
Another Chinese producer Yancheng Super Chemical has shut its 50,000 tonne/year IPA plant in Jiangsu province on 27 November for less than a week of maintenance, a company source said.
Chinese domestic prices in east China were stable at yuan (CNY) 10,200-10,300/tonne ex-tank ($1,640-1,656/tonne) on 29 November, unchanged from prices on 23 November.
($1 = CNY6.22)
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