The increase in the price of Isopropyl Alcohol (IPA) in Europe started in November 2023. It seems that the price will remain high in December 2023 until end of the year.
The reason for the increase is attributed to several key factors:
Supply Shortages a led to concerns about IPA availability, impacting prices. European producers seems sold out for spot-business in Europe and little import material spotted in the market.
Planned Maintenance and Technical Issues: Scheduled maintenance in major IPA manufacturing plants and technical issues at facilities
These factors combined to create a complex market dynamic, resulting in the significant price increase of IPA (Isopropyl alcohol 99,8%) in Europe