The ICIS Isopropanol (IPA) report is published weekly in Asia, Europe and the US. Our price assessments cover spot activity and, in Europe, technical, and cosmetic and pharmaceutical grades are quoted.
Locally based reporters gather market intelligence and compile commentary to cover regional activity, production issues, upstream and downstream news, as well as economic indications. The independent and unbiased information helps support you to make business decisions with confidence.
Updated to Q2 2021
China’s supply of IPA was limited amid plant shutdowns on the back of margin erosion due to high feedstock acetone costs. Even the major producers were running on intermittent production – only to stock up on their inventories before shutting down again. Overall, suppliers’ supply was considered tight. However, supply in regional import domestic markets was plentiful in tepid downstream markets, leading to slower consumption of IPA.
majority of importers were mostly on a wait-and-see stance, closely monitoring main upstream acetone. Many importers also delayed procuring new cargoes amid healthy inventories still in their domestic tanks. Regional local consumption was very slow due to the resurgence of the coronavirus pandemic. Market sources said only the printings and inks sector was helping to prop the market a little.
Supply was stable from Q1, with fewer imports from Asia keeping the tendency for oversupply in check. However, by mid-quarter, a European producer brought forward maintenance to during an unplanned shutdown due to lack of feedstocks, in order to adjust to the lower demand. Good export opportunities due to the cost advantage of European propylene-based IPA producers over acetone-based IPA producers helped balance supply with the lower demand on the continent.
Demand decreased significantly in the first half of 2021 compared with Q4 2020. Whereas Q2 2021 was supposed to see a ramp-up in demand, it ended up seeing a continuation of the bearish trend started in Q1. Industrial applications traditionally pick up alongside GDP growth, and participants have been expecting a boost from the reopening of the wider economies post-lockdowns, but the pick-up was still missing at the end of June.
Supply was constrained early in Q2, partly on logistics pressure stemming from a late Q1 fire at Intercontinental Terminals Company (ITC), with two producers affected by the ITC incident separately declaring short-term force majeure on domestic IPA. Supply eased during the quarter on some softening demand, although transportation and supply logistics continued to plague IPA and other petrochemical markets during the period.
Demand from automotive and construction coatings was somewhat constrained – automotive by component shortages, and construction by high material costs and supply-chain issues – but some seasonality was evident, especially as the US economy continued to recover from the worst of the coronavirus pandemic. Although construction continued strong compared to 2019 and US housing starts were up in April, building permits declined in the same month and June homebuilder confidence weakened.
We offer the following regional Isopropanol analysis and news coverage to keep you informed of factors and developments affecting prices in the Isopropanol marketplace.
More information about the price reports we publish on Isopropanol
Independent price assessments and market coverage by region
News & market analysis specifically relating to Isopropanol
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
Regional price assessments, published daily or weekly, enabling you to keep track of trading prices, understand price drivers/fluctuations and set a benchmark for contract price settl ements. ICIS offers reports on over 180 commodities across the global petrochemical, energy and fertilizer markets. Information covered in our price reports includes:
Information is accessed online, via the ICIS dashboard service and is configurable to suit your preferences.
Produced by the ICIS Consulting team, these reports give a robust rolling 12-month price forecast, trade balances and in-depth analysis into where markets are heading – providing a valuable tool to support your short- to medium-term plans.
ICIS pricing intelligence is delivered to you online via the ICIS dashboard. Here you can view your reports and also access other useful services including related news, analysis, historical data and market alerts.
ICIS dashboard also makes it easy for you to create pricing charts, download price history and export data to create tailored analytical models.
ICIS weekly margin reports deliver the detail you need to understand how production costs and prices are affecting margins, enabling you to judge the likely impact on your business and optimise your upstream and downstream business decisions.
The Supply and Demand Window on the ICIS Dashboard provides a snapshot view of historical and forecast information for supply and demand, production capacity and trade flows – a key tool to help safeguard future investments within the chemicals market.
24-hour global coverage of breaking news in the petrochemical industry, including updates on production, shutdowns and key transacted deals, keeping you informed of market developments as they happen. The ICIS news service allows you to customise the market alerts delivered to your email inbox, providing the business-critical information you need straightaway.
An expert view of supply and demand comprising four fully-reconciled databases, giving you access to extensive data for more than 100 markets. Information is included on global and regional trade flows, production, capacity and sources of demand in the short-, medium- and long-term. Data can be downloaded, customised and queried to support your planning requirements and your strategic decisions.
ICIS provides specialist training courses across the global petrochemicals, base oils and fertilizers industries. Our training team of industry experts can help you increase your knowledge of the industry and gain the insight and know-how needed to operate and trade effectively.
Find out more about ICIS training courses >>
ICIS produces a series of highly informative and timely conferences. Extensive research is carried out to ensure that each programme delivers the information you need and addresses current industry issues. We source speakers who have the appropriate expertise and experience to deliver excellent quality papers.
Find out more about ICIS conferences >>
Working closely with you to understand your strategies, challenges and ambitions, the ICIS consulting team deliver tailored advice and solutions to suit your unique requirements. With many years’ experience of guiding business leadership teams, we show you how market conditions can make a positive or negative impact on your long-term plans.
ICIS expert consultants can provide your organisation with the insight, intelligence and data needed to build and grow your business in China. We can help you to gain a clear view on the short and long-term supply and demand picture in the chemicals, energy, iron and steel, non-ferrous metals and paper and pulp markets in China.
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.
Isopropanol (IPA), also known as isopropyl alcohol, is a low-cost solvent used in many industrial and consumer products and as an extractant.
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.
NEW YORK (ICIS)--Earnings warnings from US-based coatings companies Sherwin-Williams and PPG are shining a brighter spotlight on raw material cost inflation and supply chain challenges, especially...Read
HOUSTON (ICIS)--Although isopropanol (IPA) imports for the most recently available month declined, domestic supply improved following news of more favourable sales allocation numbers for buyers. This...Read
HOUSTON (ICIS)--The return of jobs in the US commercial construction sector has not kept pace with overall employment growth, prompting a trade group to say that federal measures are needed to stem...Read