In a significant development impacting industries reliant on Isopropyl Alcohol (IPA), prices are likely to surge considerably in April xxxx, driven by escalating production costs, including higher propylene prices and increased upstream crude oil costs. This surge poses challenges for various sectors, ranging from pharmaceuticals to cosmetics to industrial manufacturing.
The rise in Isopropyl Alcohol prices is expected to be attributed to several factors, foremost among them being the elevated costs of its key feedstock, Propylene. Propylene, a crucial component in the production of Isopropyl Alcohol, has experienced a notable increase in prices, primarily due to supply constraints and heightened demand within the end-user sectors. Furthermore, the production phase has witnessed temporary shutdowns in USA factories regarding the feedstock propylene since previous months thereby disrupting output. This is further expected to remain affected even in the entire month of April as various plants are likely to remain...
