Isopropyl Alcohol Prices, Pricing, Demand & Supply, Market Analysis | ChemAnalyst

North America

In North America, particularly in the USA, the prices of Isopropyl Alcohol (IPA) experienced a downward trend during the second quarter of 2023. Initially, the prices continued to rise due to increased demand from the pharmaceutical, chemical, and preservative sectors. This was driven by a surge in consumer demand, steady trade momentum, and reduced ocean freight charges. However, as the second quarter progressed, the prices of IPA significantly dropped. Weaker domestic inquiries and lower upstream propylene prices contributed to this decline. Market players responded by reducing their stockpiles. Additionally, the global oversupply of both upstream and downstream sectors impacted the demand for US IPA. Despite this, suppliers were not desperate to sell, and the demand from the pharmaceutical sectors helped slow down the decline in prices.

Asia Pacific

Across the APAC region, including China, Thailand, Malaysia, and South Korea, the prices of Isopropyl Alcohol (IPA) followed a descending trend during the second quarter of 2023. In April, the prices remained high across all regions, but in May, they significantly dropped. This can be attributed to lower purchasing power and increased corporate product stockpiles. Only South Korea experienced a surge in demand until the final weeks of May, with a constant Consumer Price Index demonstrating an optimistic market sentiment. Thailand saw a decline in upstream propylene prices, which further weakened the market trend for IPA in May. Overall, the market outlook for IPA in the APAC region turned negative by the end of the second quarter due to decreased offtakes from international and domestic markets, weaker upstream propylene market, and declining trade activity from exporting countries like China and South Korea.

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Europe

In Europe, specifically in Germany, France, Belgium, and the Netherlands, the prices of Isopropyl Alcohol (IPA) showed a consistent downward trend during the second quarter of 2023. The prices remained relatively high until April but started dropping due to a decrease in domestic inquiries and importing momentum in May. Traders chose to reduce their inventory at a slower pace in May due to higher inventory levels. Belgium saw a decrease in the Consumer Price Index (CPI) in June, resulting in a lower price trend. Germany’s Purchasing Managers’ Index (PMI) also fell in June, indicating reduced purchase activity from downstream industries such as pharmaceuticals. Furthermore, declining upstream propylene prices and weak global demand contributed to the subdued market sentiment for IPA in Europe.