Price trend

After the Spring Festival, the domestic IPA market price continued to rise. According to the monitoring of bulk commodity data, the average price on February 18 of the first working day of the year was 8,133.33 RMB/ton, and the average price on February 23 was 9,533.33 RMB/ton. The price increased by 17.21%.

Analysis review

At present, there are a lot of inquiries about IPA prices. Due to the cost, the acetone-based IPA was basically shut down after the year. The overall operating rate of IPA after the holiday was lower than in previous years. The factories all indicated that the inventory was low. Holders were actively speculating orders, and the market price of IPA pushed up. As of the 23rd, the negotiation range of acetone IPA in Shandong was around 9,000-9,200 RMB/ton, the negotiation range of IPA in Ningbo, Zhejiang was around 9,600 RMB/ton, and the negotiation interval of IPA in Jiangsu was around 9,500 RMB/ton.

Market outlook

The IPA analyst of SunSirs believes that the price of raw material acetone has risen. The average price of acetone in Shandong on the 23rd was 8,675 RMB/ton, and the price of propylene in Shandong increased the increase, and the average price on the 23rd was 8,527.27 RMB/ton. Cost support is strong, traders have limited holdings, and the market price of IPA has pushed up. IPA still has room for upside in the short-term, pay attention to the follow-up changes in IPA news.

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