NTPC Green Energy tendered a water demineralisation plant for its planned 7GW green hydrogen-based chemicals hub in Andhra Pradesh. The project targets 2.5 million tonnes per year of hydrogen-based chemicals, adding substantial future green hydrogen supply and likely easing price pressure.
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Isopropanol | China | FOB | USD 951.00/MT | August 2026 |
| Isopropanol | China | FOB | USD 967.00/MT | July 2026 |
Stay updated with the latest Isopropanol prices, historical data, and tailored regional analysis
Asian isopropanol prices began Q2 2026 on a firm note but later in the quarter price trend normalised. Limited Chinese output and supply concerns linked to the Strait of Hormuz supported the early increase. The trend reversed from late April as Chinese availability improved, acetone costs weakened and end users avoided large purchases. Producers reduced offers to clear material, and poor transactions extended the decline through June. India faced temporary acetone and propylene shortages after LPG streams were redirected to household users. This halted phenol-acetone production at Deepak Phenolics and Hindustan Organic Chemicals, increasing India’s need for replacement imports from Europe. Deepak restarted on April 15 at reduced operating rates, followed by Hindustan Organic Chemicals on April 20, easing some feedstock pressure. China’s manufacturing PMI reached 50.30% in June, while the new-orders index stood at 51.20%. However, this wider manufacturing improvement did not produce a strong isopropanol demand response. Buyers from the coatings, solvents and other industrial sectors continued purchasing small volumes for immediate use.
Analyst Insight
According to Procurement Resource, isopropanol prices may remain soft if acetone costs and industrial demand stay weak. Renewed production disruptions or stronger solvent buying could limit further declines.
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In Q1 2026, isopropanol markets strengthened as feedstock and freight risks became the main price drivers. Asia saw the sharpest volatility because propylene and acetone costs moved higher after Middle East tensions affected crude-linked chemical markets, while downstream buyers remained cautious at higher levels. Europe also turned firmer as chemical buyers delayed decisions after March 2 and import costs rose due to slower shipping activity and higher route risk. North America stayed comparatively balanced because local chemical supply was stronger, but trade sentiment still tightened as transactions from Asia and the Middle East to the Americas slowed. The wider petrochemical disruption mattered because affected Middle East facilities represented 32.0% of the region’s olefin supply, keeping propylene-related markets cautious. US Gulf Coast logistics helped limit shortage risk, with chemical container exports rising 12.0% in March and 20.0% surge capacity available.
Analyst Insight
According to Procurement Resource, in the near-term, isopropanol prices may remain firm if propylene, acetone, and freight risks continue.
Isopropanol, also known as isopropyl alcohol, is a clear, colorless liquid with a strong odor and a variety of industrial applications. It is widely used as a solvent in numerous industries, including pharmaceuticals, cosmetics, and manufacturing processes. Isopropanol is valued for its ability to dissolve a wide range of substances and for its effectiveness as a cleaning agent in electronics and medical devices. It also serves as an intermediate in chemical synthesis and as an antifreeze or deicing agent in certain applications.
C3H8O
Solvent, Cleaning Agent, Intermediate in Chemical Synthesis, Pharmaceutical Ingredient, Cosmetics and Personal Care Product Ingredient, Antifreeze Agent
Propan-2-ol
Royal Dutch Shell plc, The Dow Chemical Company, Exxon Mobil Corporation, Sasol Limited, Chang Chun Group
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
The production begins with the hydration of propylene, which is carried out in the presence of an acid catalyst. The reaction is performed at low temperatures and high pressure, which results in an exothermic reaction to generate isopropanol as the end product.
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