Isopropyl Alcohol (IPA) Prices in the United States:

In Q2 2024, isopropyl alcohol (IPA) prices in the United States experienced a significant rise, reaching 1,297 USD/MT by the end of the quarter, largely driven by increased feedstock costs as raw materials used in IPA production saw sharp price hikes, directly impacting manufacturing expenses. This upward trend was further fueled by robust isopropyl alcohol (IPA) demand, particularly from key sectors such as cleaning, healthcare, and industrial applications. The cleaning sector, in particular, demonstrated heightened activity, reflecting the ongoing emphasis on hygiene and sanitation practices. Concurrently, the healthcare industry has maintained a strong demand for IPA, which is widely utilized in disinfectants and medical formulations. Although there was a slight price dip toward the end of the quarter due to reduced end-user inquiries, the market remained elevated overall, underscored by persistent feedstock pressures and strong seasonal dynamics. These factors collectively highlighted the critical interplay between supply-side costs and sectoral demand, significantly shaping IPA prices during this period.

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APAC Isopropyl Alcohol (IPA) Prices Movement Q2:

Isopropyl Alcohol (IPA) Prices in South Korea:

By late June 2024, isopropyl alcohol (IPA) prices in South Korea fell to 1,177 USD/MT, reflecting a significant downturn in the market. This decline was primarily driven by weak demand from key industries such as automotive and electronics, which experienced slower production and reduced consumption. An oversupply of IPA in the domestic market further exacerbated the downward pressure on prices, as producers struggled to balance isopropyl alcohol (IPA) supply with dwindling demand. Additionally, geopolitical tensions and fluctuations in currency exchange rates created further uncertainty, impacting trade and pricing stability. The combination of reduced industrial activity, surplus inventory, and ongoing global economic challenges contributed to the sharp decline in IPA prices, underscoring the fragile state of the market during this period.

Europe Isopropyl Alcohol (IPA) Prices Movement Q2:

Isopropyl Alcohol (IPA) Prices in Germany:

In Q2 2024, isopropyl alcohol (IPA) prices in Germany stabilized at 1,454 USD/MT, reflecting a well-balanced market environment. This price stability was largely attributed to steady IPA supplies and consistent raw material costs, which ensured that production and distribution remained efficient throughout the quarter. Demand for IPA was moderate, with key industries maintaining their consumption levels without significant fluctuations, further contributing to this price stability. The absence of major external disruptions or economic challenges also helped sustain a balanced supply-demand dynamic, allowing IPA prices to remain consistent without sharp fluctuations. As a result, the German IPA market experienced a period of relative calm, with prices holding steady through the end of the quarter.

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