Europe IPA spot prices stable despite improving availability

21 February 2014 23:59 Source:ICIS News

LONDON (ICIS)--European isopropanol (IPA) spot prices were assessed as stable despite improving availability, as prices were quoted above and below the current range, sources said Friday.

A producer said demand continues to be strong, but supply levels are improving.

“We are holding prices steady,” the producer said, quoting its price levels at €1,080-1,140/tonne for technical grade IPA free delivered (FD) northwest Europe (NWE).

A trader said a delayed import shipment temporarily caused a spike in prices earlier this week but that the situation has since normalised, quoting prices lower than the assessed range at €1,020-1,050/tonne FD NWE.

Other prices were quoted within the current range of €1,050-1,110/tonne FD with traders and buyers saying they are able to purchase all the product they require.

Prices above €1,110/tonne and below €1,050/tonne could not be widely confirmed, and the range remains unchanged pending further market feedback.



By Stefan Naidu