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Isopropanol Asia Transcript
ICIS publishes a weekly isopropanol (IPA) report in Asia. Buyers, producers and traders are all represented in our weekly calls and the information gathered is thoroughly cross-checked to ensure that the prices we publish are representative.
We track deals and discussions in the market and also provide the latest information on plant shut downs that could have an impact. Price of feedstock propylene and acetone are also included as they have an important bearing on sentiment and pricing outcomes.
ICIS assesses cost and freight (CFR) prices in northeast Asia (NE Asia) and southeast Asia (SE Asia). Trade in NE Asia is driven mainly by import demand from the key China market.
China’s domestic transactions are also listed in the commentary. This is because Chinese traders and distributors usually refer to local producers pricing in considering how much they might want to pay for imports.
Industry players follow our report closely as they know is an accurate and reliable source reference for spot discussions.
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Updated to Q2 2016
Isopropanol (IPA) spot prices in northeast Asia and southeast Asia rose steeply in April and May during the seasonal peak. The uptrend was exacerbated by feedstock acetone price surges due to its tightened supply.
Demand is typically boosted by conducive weather, which aids manufacturing activities and the downstream painting and coating projects.
Meanwhile, stocking activities in southeast Asia were enhanced by the festivities, including the Thailand new year, Songkran and the Muslim fasting month, Ramadan, in Indonesia and Malaysia.
Prices embarked on a downtrend since early June as the acetone supply lengthened upon the start-up of two new plants.
In China, prices averaged at $710/tonne CFR (cost & freight) China on 1 April. Prices peaked at $800/tonne CFR China on 3 June, before dropping to $770/tonne CFR China in H2 June.
In southeast Asia, average prices were at $740/tonne CFR SE (southeast) Asia on 1 April. Prices peaked at $840/tonne CFR SE Asia on 3 June before dropping to $815/tonne CFR SE Asia in H2 June.
ICIS publishes a weekly isopropanol (IPA) report in Asia. Buyers, producers and traders are all considered in our assessment and the information gathered is cross-checked to ensure that the prices we publish are representative.
We track deals and discussions in the market and provide the latest information on planned shutdowns that could have an impact.
Prices of feedstock propylene and acetone are also included as they have an important bearing on sentiment and pricing outcomes.
ICIS assesses cost & freight (CFR) prices in northeast Asia (NE Asia) and southeast Asia (SE Asia). Trade in NE Asia is driven mainly by import demand from the key China market.
China’s domestic transactions are listed in the commentary. This is because Chinese traders and distributors usually refer to local producers’ pricing in considering how much they pay for imports.
Industry players follow our report closely as an accurate and reliable reference source for spot discussions.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Isopropanol. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities.
Our time series of pricing data enables you to build and model trends, to get a view of where markets might be heading. The data service includes charting functionality, allowing you to chart and download multiple data series for manipulation in your own internal models. You can also export data to Excel via the ICIS dashboard service.
ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Isopropanol, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.