Price trend

According to the data monitoring of SunSirs, the domestic market price of IPA fell this month, and the overall price fell. The average price of IPA on January 1 was 6,680 RMB/ton, and the average price on January 30 was 6,520 RMB/ton. The price was reduced by 2.4% in the month.

Analysis review

The domestic market price of IPA fell first and then rose this month, with the price falling mainly on the whole. The price of IPA fell in the early of this month. The overall market price was relatively stable in the middle of the month. During the Spring Festival holiday in the late part of this month, the market basically stopped and prices remained stable. The market price began to stop falling and rebound after the holiday at the end of the month. As of the 30th, most of the prices quoted in the IPA market in Shandong were around 6,300-6,700 RMB/ton; Most of the quotations in Jiangsu and Zhejiang IPA market were around 6,400-7,000 RMB/ton.

In terms of raw acetone, acetone fell first and then rose this month. The average price of acetone was 5,550 RMB/ton on January 1 and 5,060 RMB/ton on January 30. The price fell by 8.83% during the month. After the festival, the prices quoted in the major mainstream markets increased. According to the monitoring data of SunSirs, the overall offer in the East China market in the main domestic region after the festival pushed up 150-200 RMB/ton, with the negotiated price range of 4,900-5,000 RMB/ton.

In terms of raw material propylene, according to the monitoring data of SunSirs, the domestic propylene (Shandong) market rose in January, with the average price of 7,244.6/ton at the beginning of January, and the average price of 7,640.6/ton on January 30, with a monthly increase of 5.47%. Downstream stock preparation before the festival, there was a wave of purchase peak, the transaction atmosphere improved, the upstream stock flow was smooth, the inventory was effectively removed, and the price was tentatively pushed up. At the same time, cost support increased, further boosting market prices. The market fluctuated slightly after the holiday, and on the whole, it was mainly rising this month.

Market outlook

The IPA analyst of SunSirs believes that the domestic IPA on-site cost support was acceptable this month. The acetone market rose after the Spring Festival, driving the IPA market to stop falling and rebound, and the overall market was stable and improving. It is expected that the IPA market will rise slightly in the short term.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com