Chemical Price | Prices | Pricing | Monitoring | ChemAnalyst

For the Quarter Ending June 2023 North America: In the second quarter of 2023,  Isopropyl Alcohol (IPA) prices  in North America, particularly the USA, experienced a descending pricing trend. The early part of the quarter, up to the end of April, saw IPA prices tracking the previous month's trajectory due to a consistent increase in domestic demand from pharmaceutical, chemical, and preservative sectors. This surge in consumer demand, steady trade activities supporting continuous manufacturing, and a decrease in ocean freight costs all contributed to a positive market trend for Isopropyl Alcohol in the early Q2. However, as the quarter progressed, IPA prices began to significantly decline. Weaker domestic inquiries, coupled with reduced upstream propylene prices, drove the market downward for the remainder of Q2 2023. In response, market participants focused on reducing their inventories. Additionally, ample supplies in both upstream and downstream sectors globally impacted US...