The latest report by IMARC Group, titled "Isopropyl Alcohol Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of the Isopropyl Alcohol Prices. This report delves into the price of Isopropyl Alcohol globally, presenting a detailed analysis, along with an informative price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecasts, making this report an invaluable resource for industry stakeholders.
Isopropyl Alcohol Prices Last Quarter:
- United States: 755 USD/MT
- China: 1145 USD/MT
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The study delves into the factors affecting Isopropyl Alcohol price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Key Highlights of the Isopropyl Alcohol Price Trend
In Q2 2024, the isopropyl alcohol (IPA) prices in North America, particularly in the United States, experienced noticeable upward price momentum throughout most of the quarter. This was primarily driven by increased demand for IPA-based products, such as disinfectants, due to seasonal factors such as the onset of summer. The market also faced rising production costs, influenced by higher feedstock propylene prices and fluctuating crude oil prices, which put additional pressure on IPA prices. Furthermore, supply chain disruptions and increased freight charges exacerbated the situation, leading to elevated prices. However, the market saw a modest price drop in the final month of the quarter, as end-user inquiries weakened and enterprises sought to clear inventories, offering products at reduced profit margins.
In the Asia Pacific region, the market experienced a downward pricing trend during Q2 2024, with South Korea showing the most significant changes. The market was characterized by weak downstream demand, particularly from the pharmaceutical and solvent sectors, and an oversupply of inventories. Geopolitical tensions and disruptions in trade flows further aggravated logistical inefficiencies, thereby contributing to the price decline. The appreciation of regional currencies against the dollar reduced the purchasing power of importing nations, curtailing procurement activities. Despite these challenges, the market saw a steady rebound at the end of the quarter, driven by increased inquiries from end-users, particularly in the pharmaceutical sector.
In Europe, the IPA prices in Q2 2024 remained relatively stable, with Germany experiencing the most notable price stability. The market's stability was attributed to adequate supply levels that matched the moderate demand from downstream sectors such as pharmaceuticals and solvents. The cost of raw materials, including feedstock acetone and propylene, remained stable, providing a predictable production cost environment. Downstream demand from regional and neighboring markets was subdued, leading to low transaction volumes and stable operating rates. Manufacturers operated under pressure, making concessions, and fulfilling orders primarily for contract customers. The quarter concluded with a stable pricing environment, characterized by predictable costs and steady demand, benefiting both suppliers and consumers in the European market.
Regional Price 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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