Product Name: IPA

Latest price: The market average price on January 16th was 6,650 RMB/ton, unchanged from the previous trading day.

Analysis review

On the 16th, the IPA market was temporarily stable. The confidence in the on-site market was still acceptable, with high prices in the upstream acetone market and some cost support. Downstream inquiries were average, market trading was relatively light, procurement was on demand, and transactions were cautious. Overall, the market enthusiasm was average, and the focus of negotiations is mainly on maintaining stability.

Market outlook

It is expected that the IPA market will consolidate and operate within a certain range in the short term.

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