SunSirs: This Week, the Domestic IPA Market Experienced a Slight Decline (September 9-14)

https://www.chemnet.com   Sep 18,2024 SunSirs

Price trend

According to the monitoring of the Commodity Market Analysis System of SunSirs, the domestic IPA market had experienced a significant decline this week. On Monday, the average price of IPA in China was 6,874 RMB/ton, and on Saturday it was 6,844 RMB/ton. The price dropped by 0.44% during the week.

Analysis review

This week, the domestic IPA market experienced a slight decline. The upstream acetone market fell, while the propylene market fluctuated and fell this week. IPA support was insufficient, and the market focus shifted downwards. In terms of demand, the market performance was average, and there was a strong wait-and-see sentiment in the market. Those who urgently needed to buy goods were cautious when placing actual orders. As of September 14th, most of the IPA market prices in Shandong were around 6,700-6,800 RMB/ton; The majority of IPA prices in the Jiangsu and Zhejiang regions were around 6,850-6,950 RMB/ton, while in the South China region, the price was around 7,000 RMB/ton.

In terms of raw material acetone, the market price of acetone had fallen this week. The average price of acetone on Monday was 5,975.5 RMB/ton, and on Saturday it was 5,792.5 RMB/ton, with a price drop of 2.77%. As of September 14th, the trading atmosphere in the market was quiet, with terminal factories mainly digesting contracts, and sporadic downstream restocking entering the market. Traders are under great pressure and mostly adopted a wait-and-see approach.

In terms of propylene, the propylene market had fluctuated and fallen this week, and overall prices have fallen. On Monday, the average domestic propylene price was 6,831.25 RMB/ton, and on Saturday, the average price was 6,773.25 RMB/ton, with a price reduction of 0.85%. As of September 14th, the shipment situation of enterprises was average, and downstream purchases were made according to demand. It is expected that the market will experience slight fluctuations and consolidation in the short term.

Market outlook

The IPA analyst from SunSirs believes that the IPA market price had fallen this week. The acetone market was declining, the propylene market was fluctuating and falling, and cost support ws inadequate. The enthusiasm for downstream procurement was average, and low procurement was preferred for urgent needs. It is expected that the IPA market will weaken and consolidate in the short term.

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