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SunSirs: This Week, the Domestic IPA Market Rose First and Then Fell (May 6-13)
May 17 2022 15:34:42SunSirs(John)

Price trend

According to the monitoring data of SunSirs, the price of IPA rose first and then fell this week. The average price of domestic IPA was 7,075 RMB/ton on last Friday, and the average price on this Friday was 7,112.5 RMB/ton. The price was raised during the week by 0.53%.

Analysis review

This week, the domestic IPA market rose first and then fell. At present, the orders of isopropyl alcohol manufacturers are still mainly exported. Domestic market transactions are relatively deserted. The downstream inquiries are generally in general, wait and see. As of the 13th, most of the quotations for isopropyl alcohol in Shandong were around 6,900-7,000 RMB/ton; most of the quotations for isopropyl alcohol in Jiangsu were around 7,350 RMB/ton; most of the quotations for isopropyl alcohol in Zhejiang were around 7,200 RMB/ton. Internationally, on May 10, the US isopropyl alcohol closed stable, and the European isopropyl alcohol market closed down.

In terms of raw material acetone, the price of acetone rose this week. The average domestic price of acetone was 5,680 RMB/ton on last Friday, and the average price on this Friday was 5,880 RMB/ton. The price was raised during the week by 3.52%. The attitude of the stockholders was improving, and the atmosphere in the market was good. SunSirs expects that the acetone market will still run strongly in the short term.

In terms of raw material propylene, the market price of propylene fell. The average domestic price of acetone was 8,770 RMB/ton on last Friday, and the average price on this Friday was 8,676 RMB/ton. During the week, the price was lowered by 2.21%. Affected by the terminal demand, the price rise was weak, and the downstream was cautious and purchased on demand. The current price of propylene is relatively high, and it is expected that the pressure for further rise will be relatively large. In the short term, the propylene market will mainly consolidate within a narrow range.

Market outlook

The isopropyl alcohol analyst of SunSirs believes that: at present, domestic factories are mainly exporting orders, and the domestic isopropyl alcohol market demand is general. The price increase of acetone has boosted market confidence to a certain extent. The support of the raw material for IPA is acceptable. It is expected that the price of IPA will be stable in the short term.

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

 

 

 

 

 

 

 

 

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