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Monoisopropylamine (MIPA)

Monoisopropylamine (MIPA) Price Trend and Forecast

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Monoisopropylamine (MIPA) Price Trend and Forecast

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Market Overview

For the Quarter Ending June 2023

North America

Despite recent gains in U.S. West Texas Intermediate crude futures, investor sentiment towards the broader petroleum industry appears gloomy amidst persistently sluggish global economic conditions. This negativity has translated into subdued demand for MIPA within the United States, where market prices currently stand at USD 1487/ton FOB Houston. While the pharmaceutical and textile segments remain integral components of the nation's economy, investors appear wary about their long-term prospects given prevailing market dynamics. Consequently, inventory levels of both MIPA and its upstream derivative, Isopropyl Alcohol, have risen sharply owing to reduced market absorption and tepid investment appetite. Meanwhile, Asia-Pacific, and European markets share similarities with the North American feedstock Isopropyl Alcohol market through comparably volatile pricing structures influenced by shifting demand patterns and transportation bottlenecks occasioned by port congestion and supply chain disruptions. Although a marginal recovery occurred in May 2023, current market prices remain relatively flat overall. The inventory level of the product elevated and the supply chain situations were that the fluctuations within the Propylene market had a notable influence on the prices of isopropyl alcohol in the North American area. Despite stable demand from end-users, the supply in the region continued to grow gradually, resulting in higher inventory levels. To address this imbalance, producers temporarily ceased operations aiming to restore equilibrium in the supply-demand dynamics.

Asia

During the second quarter of 2023, the price of Monoisopropylamine (MIPA) experienced a significant decline in the Asian market, with values ranging at USD 1,146/ton FOB Shanghai in China during June. Global ammonia feedstock prices also decreased by approximately 50% compared to the previous year, raising concerns among investors regarding the future of the low-carbon market. Although substantial financial aid programs aim to encourage the development of low-carbon ammonia projects, weaker margins in the ammonia spot market exerted pressure on project developers' finances. As a result of weaker ammonia prices, producers reported lower year-on-year earnings for the second quarter of 2023 and remained committed to pursuing low-carbon ammonia initiatives. The accumulation of feed Ammonia and raw materials increased due to reduced purchasing of MIPA to produce downstream dyes and pigments, solvents for pharmaceuticals, plasticizers, and components used in adhesives. Investors appeared skeptical about the prospects of India's pharmaceutical sector, resulting in poor performance and limited growth potential. Consequently, sales generated by these companies continued to decrease, leading to rising losses overall.

Europe

Market prices for Monoisopropylamine (MIPA) dropped significantly in the European market during the second quarter of 2023, reaching an average of USD 1,253/ ton CFR Haydarpasa in Turkey during May based on available trade data. Similarly, ammonia prices in Europe faced further losses in June due to weak demand and falling natural gas prices during that same month, as indicated by trade data. Brent crude oil prices also underwent a sharp decline during this period, hitting a record low of USD 71.80 per barrel on June 12th, as per trading data. This downturn in crude oil prices negatively affected the value of the feedstock isopropyl alcohol market in the region. While the refining and marketing industry was not immune to the effects of falling oil prices, analysts remain relatively optimistic about its future earning potential, expecting them to drop by only 20% over the next five years. However, the outlook for the MIPA industry remains bleak, as sales from downstream applications such as the pharmaceutical and textile industries have been consistently low in the region, according to trade data.

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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 Monoisopropylamine (MIPA) 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 Monoisopropylamine (MIPA) 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 Monoisopropylamine 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 Monoisopropylamine 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 Monoisopropylamine 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 Monoisopropylamine are analyzed and region-wise demand pattern is tracked.

About

Monoisopropylamine (MIPA) is a colorless hygroscopic liquid with an ammonia-like odour that is miscible with water, alcohol, and ether. In the chemical industry, it is a useful intermediate. It finds application in agrochemicals, medicines, and dyestuffs. It is a plastic regulating agent, an organic synthesis intermediate of coating materials, plastics, insecticides, rubber chemicals, medicines, and an additive in the petroleum sector.

There are various industrial methods for the preparation of Monoisopropylamine. However, one of the standard manufacturing methods for the production involves reaction of isopropyl alcohol with ammonia in presence of a catalyst which resulted in production of Monoisopropylamine.

(CH3)2CHOH + NH3 → (CH3)2CHNH2 + H2O

MIPA is an organic synthesis solvent and raw constituent. Pesticides medication, colour intermediates, rubber vulcanization accelerator, hard water treatment agent, detergent, detergent, detergent, depilatory agents, emulsifiers, surfactants, and textile auxiliaries are all possible to synthesized using MIPA.

Product Specific Details

CAS No:

75-31-0

HS Code:

29211990

Contract Size:

25MT-30MT

Packaging Type:

Steel drums

Top Import and Exporting Nations, as of 2022 trade data, by Volume:

Top Exporters	Top Importers
China	Indonesia
USA	India
	Turkey

Top Manufacturers, based on Capacity

Eastman

Zhejiang Xinhua Chemical Co Ltd

Anhui Haoyuan Chemical Group

Major End-use Industries:

Top 5 End-use Industries

Used in agrochemicals, pharmaceuticals, and dyestuff.

Used as a regulating agent for plastics

Intermediate in organic synthesis of coating materials

Used as an additive in the petroleum industry

also used in the production of surfactants and in active pharma ingredients

Get real-time pricing intelligence for different chemical products traded worldwide under mentioned Incoterms:

Incoterms: CFR, FOB, Ex-Works, Bulk Contracted, Spot

Incoterms Definitions -

CFR - The price at which a country imports a commodity, which includes the cost of the commodity and freight charges.

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.

Countries Covered:

USA
India
China
Indonesia
Turkey

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Monoisopropylamine (MIPA) Price Trend and Forecast

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