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Isopentane

Isopentane Price Trend and Forecast

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Market Overview

For the Quarter Ending June 2023

North America

Isopentane prices declined throughout the second quarter ending in June 2023. The key factors attributing to the decline in prices were fluctuating prices of upstream crude oil and depreciating demand from the refrigerant market. Further, in an effort to reduce the growing global inflationary pressure the government has raised interest rates high in the region. This has further weakened the buying enthusiasm of consumers. Further, the collapse of two major banks in the U.S. has also impacted the prevailing price trend. Additionally, as indicated by the US Bureau of Labor and Statistics exports from the United States to other countries have declined in the timespan of these three months. The low water level in the Mississippi River caused by high temperature severely impacted the exports consequently leading to stockpiled inventories in the country. This coupled with depreciating demand from the end-user segment paved the way for narrow demand-supply fundamentals in the country. Further, declining economic indicators such as Purchasing Managers Index hinted towards reduced economic activities in the country and potentially affecting Isopentane demand. As indicated by FRED the Purchasing Managers Index depreciated throughout this quarter.

APAC

Pessimistic market sentiments for Isopentane prevail throughout the second quarter of 2023 in the Indian market. Depreciating demand and fluctuating prices of upstream crude oil were the key driving factors behind the pessimistic market sentiments. The price declined by a significant margin of 14.2% in this quarter and settled at INR 1882 in June 2023 on an EX-work basis. Additionally, OPEC-led Saudi Arabia declared at the beginning of this quarter that it would reduce oil output by 500 Mb/d for the rest of the year. This action from Saudi Arabia has also impacted the price of Isopentane globally. However, as indicated by the National Bureau of Statistics and program implementation the Consumer Price Index of the country rose by a margin of 0.1% in the month of May. Further, growing inflationary pressure in China has made consumers hesitant in making bulk purchases during this timeframe. As indicated by the National Bureau of Statistics China, the Purchasing Manager Index is declining and has been recorded at 48.8 in May 2023 after a marginal decline of 0.8% from the previous month along with a decrease in industrial growth rate from 5.6 in April 2023 to 3.5 in May 2023. These declining economic indicators hinted towards reduced economic activity, potentially affecting Isopentane demand.

Europe

Throughout the second quarter of 2023 the prices of Isopentane declined in European market. Depreciating demand from the downstream industries amidst hiked interest rates contributed towards the decline. Further, the ongoing strike in France caused disruptions in supply chains. Henceforth, a sufficient amount of material was available in the European market. This coupled with depreciating demand paved the way for narrowed demand supply fundamentals in the region consequently impacting the price of Isopentane in the region. However, inflation in Germany has slowed down to 5.6% in June from 6.1% in May but is still above the average level. Further, as per data from the German Federal Statistical Office, the Consumers Price Index declined by 0.1% in May from the previous month. Additionally, as per data from Eurostat, the Producers’ Price Index of the region declined to 138.3 in May from 143.4 in March and is expected to decline further. The average decline was 3.6%. These declining economic indicators hinted towards reduced economic activity, potentially affecting Isopentane demand.

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Services

Market Analysis

Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Isopentane is calculated considering the production, import, export and inventory-levels on the country and regional level markets.

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Pricing Analysis

The product price is correlated with the price trend of crude oil, demand-supply gap, fluctuations in the feedstock and with the market movement of the downstream sectors.

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Company Profile

Basic details and information on financial performance of leading global players in the Isopentane market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.

News & Deals

Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.

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Methodology

ChemAnalyst gathers information through primary research surveys conducted with various Isopentane manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company's annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.

Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Isopentane market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry's performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.

Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behaviour of consumers across the globe.

Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Isopentane market.

Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on monthly and yearly basis.

Finally, region-specific markets for Isopentane are analyzed and region-wise demand pattern is tracked

About

Isopentane is a flammable hydrocarbon compound belonging to the alkane family. From its industrial manufacturing process to its versatile applications, isopentane plays a significant role in different sectors. Isopentane is primarily produced through the refining of crude oil or natural gas. It can also be obtained through the separation and purification of hydrocarbon mixtures. Fractional distillation and subsequent processing steps help isolate isopentane from other components. The purity of isopentane is crucial in its applications, and modern manufacturing methods ensure its high quality. Isopentane is a colourless, odourless, and highly volatile liquid. It has a low boiling point of approximately -12.3°C (9.9°F) and a melting point of -160.4°C (-257.8°F). Isopentane is highly flammable and can form explosive mixtures with air. Its chemical formula is C5H12, and it features a branched molecular structure. Isopentane finds extensive application in various industries due to its characteristics. It is widely used as a blowing agent in the production of foam insulation materials, such as expanded polystyrene (EPS) and extruded polystyrene (XPS) foams. Isopentane's low boiling point makes it suitable for creating air pockets within the foam, enhancing its insulating properties. In the pharmaceutical industry, isopentane serves as a solvent for the extraction of various compounds. It is also utilized in the cosmetics industry as a propellant for aerosol products. Isopentane's ability to quickly evaporate without leaving a residue makes it suitable for these applications.

Product Specific Details

CAS No:	78-8-4
HS Code:	29011000
Grade:	Technical
Contract Size:	24 MT
Packaging Type:	ISO Tank

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Incoterms: FOB/CFR/CIF/Ex-Works/ Ex-Location

Incoterms Definitions -

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FOB - The price at which a country is exporting its commodities.

FD (Free Del.) - Price deals are valid for free delivered commodities sold in the sphere of 300 sq. km in NWE (Northwest Europe).

Ex-works - These are the actual factory price which does not include any logistics charges.

Ex-Location - These are the prices of traders/suppliers/distributors for domestic trade purposes.

Taxes - The prices shown on the portal are exclusive of all taxes such as GST or VAT

Discounts - ChemAnalyst does not consider relevant bulk, trade, or contract discounts.

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Isopentane Price Trend and Forecast

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