Price trend
According to the data monitoring of SunSirs, the IPA market fell in shock in the first ten days of November. On November 1, the average price of domestic IPA was 7,100 RMB/ton, and the average price was 6,950 RMB/ton on the 10th. The price fell by 2.11% within 10 days.
Analysis review
IPA market fell in the first ten days of November. At present, the domestic IPA market was relatively light, with a strong wait-and-see mood. The downstream demand was general, and the demand was mainly rigid. As of October 10, most of the IPA market in Shandong Province was quoted about 6,600-7,300 RMB/ton; Most of the quotations in Jiangsu and Zhejiang IPA markets were about 7,150-7,600 RMB/ton.
In terms of raw material acetone, the price of acetone fell first and then rose in the first ten days of November. On November 10, the benchmark price of acetone (East China market) of SunSirs was 5,850.00 RMB/ton, an increase of 8.33% compared with that on November 1 (5,400.00 RMB/ton). On November 7, the port inventory fell to 15,000 tons, and the acetone market rebounded from the bottom, and the major mainstream markets rose one after another. In the short term, acetone still tends to increase, and in the long term, focus on the commissioning of new units.
In terms of raw propylene, on November 10, the propylene market in Shandong continued to rise, with a range of 30-100 RMB/ton. The market trading atmosphere was general, and the downstream began to resist. Considering the factory's shipping speed, it is expected that the Shandong market will consolidate and digest the increase in the short term.
Market outlook
IPA analysts from SunSirs believed that the price of raw material acetone rose and the price of propylene rose. IPA cost support improved. However, the downstream demand is relatively light, the market situation is general, the number of inquiries is increasing, and the new order transaction is more cautious. It is expected that the IPA market will remain stable in the short term.
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