SunSirs: The IPA Market Showed a Slight Upward Trend on December 25th
December 26 2024 14:36:22 SunSirs (John)
Product Name: IPA
Latest price: On December 25th, the average market price was 6,670 RMB/ton, an increase of 0.15% compared to the previous trading day.
Analysis review
On December 25th, the IPA market showed a slight upward trend. The confidence in the market was still good. Recently, the price of acetone in the upstream market has risen, and cost support has driven confidence in the IPA market. The intention of holders to lower their prices has weakened, and the offer was relatively strong. Downstream inquiries were relatively active, procurement was on demand, and transactions were cautious. The market offers in Shandong and South China were relatively stable, while prices in the Jiangsu market were rising. Overall, market trading was relatively flexible and mainly followed the market trend.
Market outlook
It is expected that the IPA market will fluctuate to be stronger in the short term.
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