SunSirs: The Focus of the Domestic IPA Market Was Downward This Week (August 15-22)

https://www.chemnet.com   Aug 23,2024 SunSirs

Price trend

According to the monitoring of the commodity market analysis system of SunSirs, the focus of the domestic IPA market has shifted downwards this week. Last Thursday, the average price of IPA in China was 7,876 RMB/ton, and this Thursday's average price was 7,736 RMB/ton. The price dropped by 1.78% during the week.

Analysis review

This week, the focus of the domestic IPA market was downward. Overall, the market trading this week was average, with a significant drop in raw material acetone, which affected the market sentiment of IPA and led to a decrease in manufacturer quotes. Overall, take a closer look and be cautious when making transactions. As of August 22nd, most of the IPA market prices in Shandong were around 7,600-7,650 RMB/ton; The majority of IPA prices in the Jiangsu and Zhejiang regions were around 7,750 RMB/ton, while in the South China region, the price was around 7,900 RMB/ton.

In terms of raw material acetone, the market price of acetone has dropped significantly this week. Last Thursday, the average price of acetone was 6,800 RMB/ton, and this Thursday's average price was 6,462.5 RMB/ton, a decrease of 4.96% in price. As of August 22nd, the overall downstream demand was average, and the trading atmosphere on the market was not high.

In terms of propylene, the propylene market has been fluctuating this week. Last Thursday, the average price of propylene in China was 6,873.25 RMB/ton, and on Friday it was 6,875.75 RMB/ton, with a price increase of 0.04%. As of August 22nd, the overall inventory of the enterprise was controllable, and downstream purchases were made according to demand, so it should wait and see. It is expected that the market situation will be weaker in the short term.

Market outlook

The IPA analyst from SunSirs believes that the market price of IPA has fallen this week, and the raw material acetone has dropped significantly, affecting the mentality of the IPA market. Downstream demand was generally moderate, with primary demand being essential. It is expected that the IPA market will be weaker in the short term, and attention should be paid to changes in the news.

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

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