10 June 2013 08:45 [Source: ICIS news]
SINGAPORE (ICIS)--Taiwan’s Chang Chun Plastics plans to start up its 80,000 tonne/year acetone-based isopropanol (IPA) facility at Panjin in China’s Liaoning province in mid-June, according to a source close to the company on Monday.
The plant may begin supplying material to the Chinese domestic market by the end of June if the start-up process goes smoothly, the source said.
Import demand has slowed down ahead of the start-up of the new plant, regional sellers said.
“Chinese distributors think it is risky to import cargoes in July as the domestic prices may face pressure from the new supply,’’ a Japanese trader said.
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