Isopropanol (IPA) domestic and spot prices increased significantly this week, due to major turnarounds from several prodcuers in last week.
Spot prices of propylene are also quite elevated. Chemical-grade propylene (CGP) and polymer-grade propylene (PGP) prices spiked in late November and early December but have continued to grow over the past four weeks.
While IPA price changes are often driven by market fundamentals, upstream costs can also play a significant role. Movements of this magnitude are rare.
