Price trend

According to the monitoring of the commodity market analysis system of SunSirs, the market price of IPA had fallen this week. Last Thursday, the average price of IPA in China was 8,480 RMB/ton, while this Thursday's average price was 8,340 RMB/ton. The price dropped by 1.65% during the week.

Analysis review

The market price of IPA has fallen this week. The overall trading situation in the market was average. The market price of raw material acetone rose first and then fell, with average cost support. The mentality of the IPA market was unstable, with relatively light trading on the market, and market prices were adjusting downwards. As of March 6th, the majority of IPA market quotations in Shandong region were around 8,100-8,400 RMB/ton; The majority of quotes for IPA in the Jiangsu region were based on market reference prices of around 8,400-8,500 RMB/ton.

In terms of raw material acetone, the acetone market price fluctuated downward this week. Last Thursday, the average domestic acetone price was 7,322.5 RMB/ton, while this Thursday's average price was 7,305 RMB/ton, a decrease of 0.24%. This week, the 650,000 ton/year phenol ketone plant of Zhejiang Petrochemical Phase I was restarted, with the addition of imported goods. This week, the supply was relatively sufficient, and it is expected that acetone will maintain a range adjustment operation in the short term.

In terms of propylene, according to the commodity market analysis system of SunSirs, the price of propylene in the market had increased this week. Last Thursday, the average domestic propylene price was 6,885.75 RMB/ton, while this Thursday's average price was 7,074.6 RMB/ton, with a price increase of 2.74%. The propylene market inventory was low, and enterprises had a clear willingness to push up prices, but high prices suppressed demand. It is expected that the propylene market price will be strong and volatile in the short term.

Market outlook

SunSirs’ IPA analyst believes that upstream acetone prices had fluctuated downward this week, while propylene market prices had risen, and overall cost support was average. The overall market for IPA was relatively light, and downstream enterprises replenished as needed, with more inquiries and cautious transactions. It is expected that the IPA market will fluctuate and consolidate in the short term.

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