14 February 2014 07:57 [Source: ICIS news]
SINGAPORE (ICIS)--Shell Chemicals plans to shut its 75,000 tonne/year isopropanol (IPA) plant on Pulau Bukom in Singapore in the first half of March for 2-3 weeks of maintenance, a source close to the company said on Friday.
Shell has cut its monthly supply to its regular buyers by up to 50% in preparation of the shutdown, according to these buyers.
Market participants said the tight supply is expected to bolster price hike efforts in March.
The plant shutdown will be the third this year, following that of South Korea's LG Chem.
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