5INGAPORE (ICIS)--Asia's isopropanol (IPA) market saw another hike this week as most Asian cargoes remained diverted to other continents amid lucrative margins, amid a strongly bullish outlook, especially among suppliers. Amid the first wave of the coronavirus pandemic in Asia, IPA prices rose 15% to hit a high of $897/tonne CFR (cost & freight) SE (southeast) Asia in late February, according to ICIS data. However, these prices could not sustain. A week later, prices began their downtrend until around mid-March when the coronavirus pandemic reached the US and Europe.
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