MIPA Prices: During the second quarter of 2023 | ChemAnalyst

Chemanalyst23 Aug, 2023Business

Amid recent advancements in U.S. West Texas Intermediate crude futures, the broader petroleum sector has encountered a prevailing gloomy sentiment amidst persistently lackluster global economic conditions. This pessimism has translated into subdued demand for Monoisopropylamine (MIPA) within the United States, leading to current market prices resting at USD 1487/ton FOB Houston. Although the pharmaceutical and textile sectors retain their importance in the national economy, investors exhibit caution concerning their long-term prospects due to the prevailing market dynamics. Consequently, both MIPA and its upstream derivative, Isopropyl Alcohol, have witnessed a significant surge in inventory levels due to restrained market absorption and tepid investment interest.