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 2019
Supply of Asia isopropanol (IPA) was long in Q1 on weak demand and mostly bearish feedstock acetone values. Market players, especially those in mainland China mostly chose to wait on the sidelines, procuring material as needed. In southeast Asian markets, importers were sitting on more than sufficient inventories due to muted demand in their domestic markets amid geopolitical factors, like the general elections in Thailand.
Demand did not see a typical pick-up after the first quarter. Amid the US-China trade war, sentiment became bearish, and downstream demand dwindled, causing some importers to delay some material. The postponement was partly for domestic markets to absorb the material. Another cause for delay was IPA prices were under downward pressure on falling upstream acetone. Demand for acetone-based IPA remained stronger than propylene-based IPA on stronger feedstock propylene values.
The isopropanol (IPA) market saw a slight oversupply in Q2 due to length in feedtsock acetone and good availability of propylene, despite the heavy schedule of cracker turnarounds. Tensions between the US and Iran had little impact on IPA availability as Europe does not rely on Iranian imports. Destocking of pre-Brexit inflated inventories due to the postponed deadline also played a part in wider availability as participants bought on an ad hoc basis.
Supply of US isopropanol (IPA) was mostly readily available for buyers throughout the second quarter of 2019, except for some short-term tightness stemming from the fire at Intercontinental Terminals Company (ITC). The tightness was resolved in the quarter and buyers cite no further issues obtaining product.
Demand for US IPA, which has some downstream uses in paints and resins, showed some decline in the second quarter of 2019, primarily as the winter dragged on and petrochemical markets were hit with a dim economic outlook.
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.
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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.
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