Price trend

According to the monitoring of the commodity market analysis system of SunSirs, the domestic IPA market remained stable this week, with an average price of 6,690 RMB/ton.

Analysis review

The domestic IPA market was temporarily stable this week. The acetone market for raw materials had risen, and cost support was still acceptable. However, the demand in the terminal market was poor, continuing to be weak, and the overall downstream purchasing intention was not strong. The actual orders were cautious, and the overall trading situation was average. Most of the IPA market prices in Shandong were around 6,750-6,800 RMB/ton; The majority of IPA prices in the Jiangsu and Zhejiang regions were around 6,700 RMB/ton, while prices in the South China region range from 7,050-7,200 RMB/ton.

In terms of raw material acetone, the market price of acetone had increased this week. The average price of acetone on Monday was 5,867.5 RMB/ton, and on Friday it was 5,890 RMB/ton, with a price increase of 0.38%. Spot resources in the market were tightening, and traders had a good mentality, with little intention of buying at low prices.

In terms of propylene, the market price of propylene had risen this week. On Monday, the average domestic propylene price was 6,838.25 RMB/ton, and on Friday, the average price was 6,870.75 RMB/ton, with a price increase of 0.48%. As of December 6th, inventory was low and downstream demand was good, but buying was cautious. It is expected that the market will experience fluctuations and consolidation in the short term.

Market outlook

The IPA analyst from SunSirs believes that the IPA market had been stagnant and consolidating this week. The market prices of propylene and acetone had both slightly increased, and cost support was still acceptable. The downstream procurement intention was not strong, mainly based on demand. It is expected that the IPA market will continue to stabilize and operate in the short term.

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