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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 Q4 2016
Isopropanol (IPA) spot prices in China and southeast Asia were mixed in the fourth quarter. Prices initially soared, in tandem with feedstock acetone cost. The uptrend was exacerbated by the stronger buying activities for year-end orders and eventually peaked in October, reaching the highest levels for the year.
Subsequently, as feedstock costs softened, IPA prices softened too. This was despite the tightened supply caused by some plant turnarounds in October and November.
However, prices rebounded in second-half November, as acetone prices rose in reflection of tightened supply. The momentum gradually slowed to a largely stable one in December as trades dwindled towards year-end.
The mid-point of spot prices was at $815/tonne CFR (cost & freight) China in early October and $840/tonne CFR China in early December.
In southeast Asia, the mid-point of spot prices was at $845/tonne CFR southeast (SE) Asia in early October and $850/tonne CFR SE Asia in early December.
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.