Isopropanol Prices, markets & analysis
With a network of price reporters across Asia, Europe and the US, ICIS is fully equipped to keep you updated on everything that happens in the global Isopropanol market, whether you buy or sell Isopropanol or related products.
From daily and weekly reports containing price assessments obtained by our network of local reporters, to the news and analysis that put the market into focus, we provide the tools you need to make confident business decisions.
Isopropanol Overview Transcript
Isopropanol or IPA is used as a solvent in a wide range of industrial and consumer products. Its outlets include: pharmaceuticals, adhesives and inks, paints and resins, cosmetics and personal care items. It is also used as a chemical intermediate.
IPA can be produced using propylene or acetone. New facilities in Asia are mostly acetone-based for cost reasons. Acetone is usually more competitively priced compared to propylene due to rising regional supplies. China is the largest importer in Asia and it buys mainly from Japan, South Korea, Taiwan and the US.
Volatility in Asia is limited by long-term supply contracts between major producers and the distributors. Shipment prices are usually settled once a month, but swings in feedstock propylene and acetone costs can result in undue volatility in prices. Plant turn-arounds and outages usually have an impact on prices and Southeast Asia also tends to look at the Chinese market for price direction.
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Isopropanol news and market information products from ICIS
We offer the following regional Isopropanol analysis and news coverage to keep you informed of factors and developments affecting prices in the Isopropanol marketplace.
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Independent price assessments and market coverage by region
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Isopropanol: Market overview
Updated to Q2 2015
US IPA prices declined steadily during Q1, and sentiment is that they are nearing a bottom. Some market participants expect demand to pick up following a delayed start to the spring coatings season after an extended winter. However, uncertainty in feedstock propylene prices that have trended down recently could also have an impact.
Asian prices are expected to rise, as Q2 is the seasonal peak period. In northeast Asia, the manufacturing activities typically gain pace as spring weather boosts demand and production. In southeast Asia, demand is likely to rise due to the stocking up activities pre- and post-holidays. On the other hand, sentiment is cautious, given the volatilities in the upstream crude, acetone and propylene markets amid weak economic forecasts.
In Europe, all eyes are on feedstock propylene, which has a major influence on IPA prices and is expected to be unpredictable due to the volatility of crude oil. Demand is expected to increase due to higher usage in downstream industries like paints, resins and adhesives. Some players expect new sources of IPA imports to be available from overseas traders.
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Isopropanol (IPA) is a clear, colourless, mobile liquid with an alcoholic odour. It is miscible with water and ethyl alcohol and reacts with strong oxidants.
IPA, also known as isopropyl alcohol, is a low-cost solvent used in many industrial and consumer products and as an extractant. Outlets include cosmetics and personal care products, de-icers, paints and resins, pharmaceuticals, food, inks and adhesives. It is also used as solvent for oil and gums and in the manufacture of fishmeal concentrates. Low-grade IPA is used in motor oils.
Other applications include its use as a cleaning and drying agent in the manufacture of electronic parts and metals, and as an aerosol solvent in medical and veterinary products. It can also be used as a coolant in beer manufacture, a coupling agent, a polymerisation modifier, a de-icing agent and a preservative.
Some chemical compounds are manufactured from IPA, in particular derivative ketones, such as methyl isobutyl ketone (MIBK), isopropylamines and isopropyl esters.