Price trend

According to the monitoring of the commodity market analysis system of SunSirs, the market price of IPA fluctuated and fell this week. Last Thursday, the average price of IPA in China was 8,360 RMB/ton, while this Thursday's average price was 8330 RMB/ton. The price dropped by 0.36% during the week.

Analysis review

The market price of IPA fluctuated and fell this week. The overall trading situation in the market was light. The raw material acetone market wa operating in a fluctuating range, with average cost support. The market situation for IPA wa lukewarm, and the trust of traders was slightly lacking, resulting in weak market prices and consolidation. As of March 21st, the majority of IPA market quotations in Shandong region were around 8,100-8,250 RMB/ton; The majority of quotes for IPA in the Jiangsu region were based on market reference prices of around 8,400-8,600 RMB/ton.

In terms of raw material acetone, the market price of acetone had fluctuated greatly this week. Last Thursday, the average domestic price of acetone was 7,307.5 RMB/ton, while this Thursday's average price was 7,307.5 RMB/ton, and the price had fallen to the same level as last Thursday. At the beginning of the week, port inventory decreased, and traders had support in their mentality. They remained low and offered higher prices. However, downstream factories followed up with average inquiries, and market prices began to fall again.

In terms of propylene, according to the commodity market analysis system of SunSirs, the propylene market had been volatile and stronger this week. Last Thursday, the average domestic propylene price was 6,948.6 RMB/ton, while this Thursday's average price was 6,960.6 RMB/ton, with a price increase of 0.71%. The overall trading situation of propylene was average, and the local refining inventory was temporarily under stable pressure. It is expected that the propylene market price will remain stable in the short term.

Market outlook

SunSirs' IPA analyst believes that the upstream acetone price fluctuated this week, and the propylene market was volatile and stronger, with overall cost support average. The overall market of IPA had not shown much improvement, and downstream enterprises were more cautious and cautious in trading. It is expected that the IPA market will mainly consolidate to be weaker in the short term.

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