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 Q3 2019
With the shutdown of a major propylene-based IPA plant in southeast Asia amid loss of margins on cheaper acetone-based IPA, buyers flocked to northeast Asia to look for new suppliers. This caused a decrease in supply, especially for propylene-based IPA. Acetone-based IPA supply was mostly constant despite small hiccups at major Chinese plants. Supply tightened towards end-Q3, when most Chinese plants had to shut in advance for China’s National holidays, according to environmental regulations.
Demand was tepid for the majority of Q3, amid the summer lull and the general slowdown of the global economy. Because of the shutdown of a major propylene-based IPA exporter in southeast Asia, there was increased demand for acetone-based IPA. Furthermore, with the rise of upstream acetone values, buyers started to build a little inventory in fears of upward pressure of IPA prices.
Supply was ample this quarter again but reduced imports from Asia helped the market re-balance after stints of length in Q2. Imports from the US were steady. No planned or unplanned production issues interrupted a steady abundant supply.
Isopropanol has seen demand faltering since the beginning of the year and Q3 saw no improvement to the trend. July and August. Demand was much under par year on year due to the under-performing automotive sector downstream. Electronics and the pharmaceutical industries were seen as more resilient industries.
Supply of IPA in the third quarter was ample as many participants found excess supply in the market and no issues obtaining material. Feedstock propylene supply continued to outweigh demand, which has knock-on effects for IPA.
Demand for US IPA fell as the summer ended and the weak construction season gave way to fall. Downstream demand in coatings and resins also weakened as a poor economic outlook pressured many downstream markets.
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
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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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