Isopropyl Alcohol Price Trend and Forecast

North America

Throughout the fourth quarter of 2022, the Prices of Isopropyl Alcohol demonstrated a weak market sentiment in the United States. Slowing end-user demand put downward pressure on prices. Moderate GDP growth in North America slowed industrial production and kept the market dynamics of Iso Isopropyl Alcohol on the lower side. The spot supply of Isopropyl Alcohol in the domestic region was sufficient, and the market transactions were mainly based on a need-on-demand basis. In the mid-q4, the U.S. supply chain improved slowly with ease in port congestion since its worst days during the first year of the pandemic. Still, this did not affect the price trends of Isopropyl Alcohol in the United States. Thus, towards the end of the fourth quarter of 2022, the Isopropyl Alcohol prices settled at USD 1290/MT FOB Texas.

Asia Pacific

In Asia Pacific, primarily in China, the prices for Isopropyl Alcohol witnessed a significant dip of around 1.56 percent and got settled at USD 1012/MT FOB Qingdao in December during the Q4 of 2022. China's factory prices showed an annual fall in November while consumer inflation slowed, indicating weak tendencies such as soft demand and higher inventories among the market participants in an economy where tough pandemic controls had held back. Also, as feeble global and domestic demand in November, increasing COVID-19 cases led to production and transportation disruptions which piled pressure on the world's second-biggest economy as the inventories stocked up with the market participants.

Europe

European region witnessed mixed pricing sentiments of Isopropyl Alcohol during the fourth quarter of 2022. Although during the first half of the fourth quarter of 2022, the inquiries remained weak, and the downstream demand within the domestic market also decreased, supporting the price sentiments of Isopropyl Alcohol in Germany. During mid-q4, the prices started to incline moderately as a small order from the downstream pharmaceutical, coating, and chemical sectors increased considerably. Furthermore, the upstream Propylene prices in December inclined during the last month of q4, which additionally supported the moderately increased price trends of Isopropyl Alcohol in Germany. With the ending of the final quarter of 2022, the prices of Isopropyl Alcohol got assembled at USD 1910/MT FD Hamburg.

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