Price trend

According to the monitoring data of SunSirs, IPA was mixed in this week, and the price fluctuated upward. The average price of IPA in China was 7,720 RMB/ton on last Friday, and 7,750 RMB/ton on this Friday. The price increased by 0.39% within the week.

Analysis review

IPA was mixed this week. The price of raw material acetone rose, while the price of propylene fell. This week, the market quotation of IPA was chaotic. In Shandong, the low end price of IPA was raised more, while in Jiangsu and Zhejiang, the price of IPA was lowered more. The overall market showed a situation of mutual rise and fall, with price adjustment tending to the middle. As of the 21st day, most of the IPA market quotations in Shandong were around 7,400-7,700 RMB/ton; Most of the quotations in Jiangsu and Zhejiang IPA markets were about 7,500-7,700 RMB/ton. Internationally, on October 19, American IPA closed stably, while European IPA market closed higher.

In terms of raw material acetone, the price of acetone rose this week. As of the 21st, the quotation in East China was 6,000 RMB/ton; The quotation in Shandong was 6,150 RMB/ton; The quotation in Yanshan area was 6,250 RMB/ton; The quotation in South China was 6,100 RMB/ton. The acetone inventory at the port dropped to 22,000 tons, the concentration of supply was high, holders did not sell at low prices, the offer was firm, and the downstream followed up just on demand.

In terms of raw propylene, as of this Friday, the mainstream quotation of propylene (Shandong) market was 7,350-7,500 RMB/ton, the market price fell, and the stock in the market increased. Downstream maintained rigid procurement, and the market is expected to be dominated by deadlock.

Market outlook

IPA analysts from SunSirs believe that the price of raw material acetone rose while the price of propylene fell. The IPA market was mixed, the market inquiry was average, and the transaction was cautious. It is expected that the IPA market will fluctuate in a narrow range in the short term. Pay attention to the subsequent raw material market trend.

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