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IPA plunges to its lowest levels in last three years

Isopropanol (IPA) prices in southeast (SE) Asia fell to their lowest in three years due to decline in feedstock prices of Acetone.IPA may remain under pressure in the near term due to its wide premium over acetone. CFR SEA prices were assessed at the level of USD760-770/MT. This decline is of around 38% in its values in last three years. There has been significant decline in Acetone prices in South East Asia in last few months.