SunSirs: The IPA Market Fell This Week (December12-16)

https://www.chemnet.com   Dec 20,2022 SunSirs

　　According to the data monitoring of SunSirs, the price of isopropyl alcohol was lowered this week. The average price of domestic isopropyl alcohol was 6,800 RMB/ton on Monday and 6,780 RMB/ton on Friday, and the price decreased by 0.29% within the week.

　　Analysis review

　　The domestic IPA market price was lowered this week. As of the 16th, domestic downstream demand for IPA was average, and downstream receiving orders were cautious, with rigid demand as the main demand. The price of raw material acetone was lowered, and the confidence of IPA market was poor. As of the 16th, the quotation of Shandong IPA was about 6,600-6,900 RMB/ton; Most IPAs in Jiangsu and Zhejiang were quoted at about 6,900-7,100 RMB/ton.

　　In terms of raw material acetone, the price of acetone decreased this week. According to the data monitoring of SunSirs, the average price of acetone on Monday was 6,057.5 RMB/ton, and on Friday it was 5,982.5 RMB/ton. The price fell by 1.24% within the week. This week, the supply of port goods in the domestic acetone market increased, and the shipment intention of holders increased. However, the terminal factory bid was low, and the market mentality was poor, leading to the continuous decline of the market.

　　In terms of raw propylene, according to the monitoring data of SunSirs, the domestic propylene (Shandong) market price rose this week, with the average price of 7,430.6 RMB/ton at the beginning of the week and 7,608.6 RMB/ton at the weekend, a weekly increase of 2.4%. It is expected that in the short term, the price of propylene market will be frozen, and the changes in market supply and demand should be closely watched.

　　Market outlook

　　Isopropyl alcohol analyst from SunSirs believed that the price of raw material acetone fell. The cost support of domestic IPA market was average. The demand was not improving, and the downstream was cautious in taking goods, mainly wait-and-see. It is expected that the market price of IPA will be weak in the short term. Pay attention to the subsequent raw material market trend.

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