SunSirs: The Domestic IPA Market Experienced a Slight Decline This Week (September 16-20)

https://www.chemnet.com   Sep 23,2024 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 6,844 RMB/ton, and on Friday it was 6,710 RMB/ton. The price dropped by 1.96% during the week.

Analysis review

The domestic IPA market experienced a slight decline in the early part of this week, but remained stable in the later stage. The production factory's quotation remained stable, but the willingness of holders to lower their prices was not high. The market's trading focus was stabilizing, and there was a strong wait-and-see sentiment in the market. They were cautious when purchasing goods due to urgent needs. As of September 20th, most of the IPA market prices in Shandong were around 6,600-6,750 RMB/ton; The majority of IPA prices in the Jiangsu and Zhejiang regions are around 6,800-6,850 RMB/ton, while prices in the South China region were around 6,900-7,000 RMB/ton.

In terms of raw material acetone, the market price of acetone fluctuated slightly this week. The average price of acetone on Monday was 5,792.5 RMB/ton, and on Friday it was 5,800 RMB/ton. The price first rose and then fell, with a slight overall increase of 0.13%. As of September 20th, there was a decrease in low-priced goods in the market, and market trading needed to be followed up. It is expected that the market will strengthen and consolidate in the short term.

In terms of propylene, the propylene market fell first and then rose this week, indicating an overall decline in prices. On Monday, the average domestic propylene price was 6,773.25 RMB/ton, and on Friday, the average price was 6,703.25 RMB/ton, with a price reduction of 1.03%. As of September 20th, the inventory of enterprises had decreased, and downstream companies were replenishing inventory at low prices. It is expected that the market may strengthen and consolidate in the short term.

Market outlook

An IPA analyst from SunSirs believes that the market price of IPA first declined and then stabilized this week. The acetone market first fell and then rose, while the propylene market price decreased, with average cost support. Holders of goods had low willingness to lower their prices, and downstream procurement enthusiasm also needed to be followed up, with a focus on urgent needs. It is expected that the IPA market will continue to fluctuate and consolidate in the short term.

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