IPA technical prices fall to lowest level since August 2012

12 July 2013 23:59  [Source: ICIS news]

LONDON (ICIS)--European technical-grade isopropanol (IPA) prices have reached their lowest level since 3 August 2012, falling €10-20/tonne this week because of weak demand, sources said on Friday.

The start of summer holidays in Europe has affected demand for IPA, and the challenging macroeconomic conditions have dampened consumer activity in the continent.

The price decrease also breaks the rollovers seen over the past three weeks.

“IPA [demand] has been stable at a low, almost dead level,” a distributor said.

Producers said they expect demand to be lower in August than in June or July as countries in southern Europe take their summer holidays. The producers were not able give comparative figures.

One distributor said it expects prices to start recovering in September from their current lows as companies start to restock IPA for Christmas production.

Spot prices this week were at €960-990/tonne ($1,263-1,303/tonne) FD (free delivered) NWE (northwest Europe). Prices have fallen from a peak in 29 March 2013 and are at their lowest level since 3 August 2012.

($1 = €0.76)

By: Vladimir Guevarra
+44 208 652 3214

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