Stay abreast of the regional Isopropanol markets that matter to you.
ICIS coverage of regional Isopropanol markets is second to none. Our locally based reporters constantly update our independent price assessments and market coverage, giving you a firm foundation in all your dealings.
Updated to Q4 2018
Owing to a number of scheduled plant turnarounds in the last quarter of 2018, supply was slightly tightened and acetone-based IPA went on allocation. The situation was further compounded by the extended unplanned shutdown of a major Chinese exporter who only restarted late December. The shutdown of most Chinese propylene-based IPA plants saw little impact in the market as most consumers switched to acetone-based IPA because the latter was more competitively priced.
Demand for acetone-based IPA continued to be stronger than propylene-based IPA because of the wide gap between upstream acetone and propylene prices. However, buyers who were regular patrons of propylene-based IPA suppliers still continued to secure their cargoes from their suppliers, with some buying less due to poor downstream demand, and higher prices. Other market players skipped buying for a month on weak downstream demand, preferring to monitor the market situation as upstream crude and acetone values fall.
We offer the following regional Isopropanol coverage to keep you informed of factors and developments affecting prices in the Asia Isopropanol marketplace.
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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.
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.
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SINGAPORE (ICIS)--China’s domestic acetone prices fell to a two-year low amid increased supply in June while demand is weak, with downstream plants...Read