SunSirs: The IPA Market Had Slightly Decreased This Week (December 9-13)

https://www.chemnet.com   Dec 16,2024 SunSirs

Price trend

According to the monitoring of the commodity market analysis system of SunSirs, the IPA market had slightly decreased this week. The average price of IPA in China was 6,690 RMB/ton on Monday and 6,670 RMB/ton on Friday, with a price reduction of 0.3%.

Analysis review

The IPA market had slightly decreased this week. The market for acetone on the raw material side had declined, with average cost support. The attitude of the cargo holder was still acceptable, the quotation remains at the previous level, and there was a strong wait-and-see sentiment in the downstream market. They were cautious when picking up goods due to urgent needs and were cautious when placing actual orders. The majority of IPA market prices in Shandong region were around 6,600-6,700 RMB/ton; The majority of IPA market prices in the Jiangsu and Zhejiang regions were around 6,650-6700 RMB/ton, while prices in the South China region were around 7,050-7,100 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 5,890 RMB/ton, and on Friday it was 5857.5 RMB/ton, with a price increase of 0.55%. Market participants were mainly cautious and observing, with quotes maintaining range fluctuations and actual orders being cautious.

In terms of raw material propylene, the propylene market had been fluctuating this week. On Monday, the average domestic propylene price was 6,843.25 RMB/ton, and on Friday, the average price was 6,843.25 RMB/ton, unchanged. As of December 13th, inventory was low, downstream demand was good, the focus of propylene offers had increased, and market trading was still acceptable.

Market outlook

An IPA analyst from SunSirs believes that the IPA market had slightly decreased this week. The market for acetone on the raw material side had declined, while propylene had fluctuated within the range, with average cost support. Downstream procurement was based on demand, and actual orders were handled with caution. It is expected that the IPA market will experience slight fluctuations within the short-term range.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.

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