Key Details About the Isopropyl Alcohol Prices

The Isopropyl Alcohol Price Trend is influenced by several factors, including strong demand across various industrial sectors, fluctuating feedstock prices, and ongoing logistical challenges. IPA is a widely used solvent in pharmaceuticals, personal care products, and manufacturing, which ensures consistent demand even during industry fluctuations. In North America, seasonal factors like the increased production of disinfectants in the summer drive higher demand. Rising prices of propylene, a key feedstock derived from crude oil, have led to increased IPA production costs, putting upward pressure on prices. Additionally, geopolitical tensions and supply chain issues, such as higher freight costs and logistical delays, have further complicated the industry, contributing to price volatility.

In the Asia Pacific region, weak downstream demand and surplus inventories led to a decline in IPA prices, reflecting a bearish industry sentiment, influenced by geopolitical uncertainties and currency fluctuations. In contrast, Europe experienced stable pricing due to balanced supply and demand dynamics, with regional production meeting moderate demand levels and raw material costs remaining steady.

Isopropyl Alcohol Prices Second Quarter 2024: 

• United States: 1297 USD/MT
• South Korea: 1177 USD/MT
• Germany: 1454 USD/MT

Factors Affecting Isopropyl Alcohol (IPA) Prices Across Regions:

North America: In the second quarter of 2024, Isopropyl Alcohol (IPA) prices in North America surged due to increased summer demand for IPA-based products like disinfectants and rising propylene costs. Supply chain disruptions, fuelled by geopolitical tensions and higher freight rates, added to the price hike. Toward the end of the quarter, prices eased slightly as demand from end-users weakened.

In the Asia Pacific Region: In Q2 2024, Isopropyl Alcohol (IPA)prices in the Asia Pacific region experienced a decline, particularly in South Korea, where low demand from the pharmaceutical and solvent sectors led to oversupply. Geopolitical tensions and surplus inventories further disrupted trade. However, the industry began to rebound toward the end of the quarter as downstream demand increased.

Europe: In Europe, Isopropyl Alcohol (IPA) prices remained stable throughout Q2 2024. Balanced supply-demand dynamics and steady raw material costs contributed to price stability, particularly in Germany, where stable production levels and subdued demand from sectors like pharmaceuticals helped maintain a predictable pricing environment. Although transaction volumes were low and shipments slowed, manufacturers faced pressure to make pricing concessions, keeping the industry steady as the quarter concluded.

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Overall, Price Trend and Regional Prices Analysis:

• Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
• Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece
• North America: United States and Canada
• Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
• Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco

Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

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