Price trend

According to the data monitored by SunSirs, the IPA market fell this week. At the beginning of the week, the average price of domestic IPA was 6,940 RMB/ton, and this Friday, the average price was 6,790 RMB/ton. The price decreased by 2.16% during the week.

Analysis review

The IPA market fell this week. The market was cold and the demand was weak. Downstream buying enthusiasm was not high, with cautious operation. As of the 25th, most of the IPA market in Shandong Province had quoted around 6,500-6,800 RMB/ton; Most of the quotations in Jiangsu and Zhejiang IPA markets were about 7,000-7,200 RMB/ton.

In terms of raw material acetone, this week, the acetone plant had been stuck in operation for a period of time, and then it was up regulated. The average price of acetone was 5,970 RMB/ton at the beginning of the week, and 6,080 RMB/ton on this Friday. The price increased by 1.84% during the week. It is expected that the domestic acetone market will continue to run strongly next week.

In terms of propylene, the propylene market fell this week. At the beginning of the week, the average price of propylene in Shandong was 7,306.6 RMB/ton. This Friday, the average price was 7,296.6 RMB/ton. The price decreased within the week by 0.14%. As of the 25th, the propylene market had played a long and short game, the manufacturer's inventory was controllable, and the downstream purchased on demand. It is expected that the market will continue to be deadlocked in the later days.

Market outlook

IPA analysts from SunSirs believed that the price of raw material acetone rose slightly, while the price of propylene fell slightly. The upstream support of raw materials was OK, but the downstream demand was not good, and the domestic IPA market was still not improving. The procurement was cautious and wait and see. It is expected that the IPA market will operate weakly and stably in the short term.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com