Prices Of Isopropyl Alcohol rises backed by High Demand Globally
Rising Upstream Crude prices and their derivatives, the ongoing geopolitical tension disrupting the trade, and the increasing demand from the end-use industries has resulted in a rise in the Isopropyl Alcohol prices in global market . China is the major exporter of Isopropyl Alcohol in the global market. The disruption caused on the Chinese ports due to the resurgence of COVID has led to a delay in the trade, which resulted in upward trajectory movement in the Isopropyl Alcohol market. Moreover, the Russia-Ukraine conflict have caused a spike in crude and natural gas costs, which has impacted raw materials like acetone and propylene, further affecting Isopropyl Alcohol values. According to the ChemAnalyst data, the price of Isopropyl Alcohol in China settled at USD 1155 per MT on week ending 8 th April. Isopropyl Alcohol with 70% concentration is highly used in the production of common alcohol swabs and wipes. Also, it is widely used in downstream cosmetics, paints and sanitizer whi...