Price trend

According to the monitoring of the commodity market analysis system of SunSirs, the market price of IPA has fallen this week. At the beginning of the week, the average price of IPA in China was 6,870 RMB/ton, and over the weekend it was 6,780 RMB/ton, with a price reduction of 1.31%.

Analysis review

The market price of IPA has fallen this week. The price of raw material acetone has fallen, and there was a lack of confidence in the IPA market within the market. The trading atmosphere was not good, and holders were offering discounts to sell. On site inquiries were cold, downstream demand was weak, and trading volume was limited. As of March 14th, most of the IPA market prices in Shandong were around 6,600-6,700 RMB/ton; The majority of IPA prices in the Jiangsu Zhejiang region were around 6,900 RMB/ton.

In terms of raw material acetone, the domestic acetone market has continued to decline this week. The national acetone market reported an average price of 6,310 RMB/ton on March 7th, but on March 13th, the acetone market fell to 6,135 RMB/ton, a decrease of 2.77%. During the week, with the arrival of imported and domestic trade cargo, the phenol ketone plant in Qingdao Bay resumed normal operation, and the operating rate of domestic phenol ketone plants increased. Manufacturers and traders faced pressure to ship, and market offers gradually declined.

In terms of propylene, the domestic propylene market was declining. At the beginning of the week, the market was at 6,920.75/ton, and the average price over the weekend was 6,845.75/ton, with a downward trend of 1.08%. As of March 14th, propylene manufacturers were slowing down their shipments, and downstream companies were adopting a wait-and-see approach, focusing on on-demand procurement. It is expected that propylene will remain stable and weaker in the short term.

Market outlook

An IPA analyst from the SunSirs believes that the prices of acetone and propylene dual raw materials have fallen one after another, with insufficient cost support, affecting downstream market confidence. On exchange trading remained light, with a focus on wait-and-see measures. It is expected that in the short term, the IPA market will be mainly consolidated to be weaker, and more attention should be paid to changes in the raw material market.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.