SunSirs: The IPA Market Continued to Decline This Week (January 2-6)

Price trend

According to the data monitored by SunSirs, the isopropyl alcohol market fell this week. At the beginning of the week, the average price of domestic isopropyl alcohol was 6,680 RMB/ton, and this Friday, the average price was 6,600 RMB/ton. The price decreased by 1.2% during the week.

Analysis review

The IPA market fell this week. The market was cold and the demand was weak. Downstream buying enthusiasm was not high, operated cautiously. As of January 6, most of the IPA market quotations in Shandong were about 6,400-6,700 RMB/ton; Most of the IPA prices in Jiangsu and Zhejiang were about 6,800-7,000 RMB/ton.

In terms of raw material acetone, the average price of acetone at the beginning of the week was 5,550 RMB/ton, and this Friday was 5,360 RMB/ton. The price decreased by 3.42% during the week. After returning from the New Year's holiday, the market trading atmosphere was general, and the East China market was weak. The negotiated price in Jiangsu was 5,350-5,450 RMB/ton.

In terms of raw propylene, the propylene market was basically stable this week. At the beginning of the week, the average price of propylene in Shandong was 7,244.60 RMB/ton. This Friday, the average price was 7,250.6 RMB/ton. The price decreased by 0.08% during the week. The supply and demand of propylene market played a game, the manufacturer's inventory was controllable, and the downstream purchased on demand. It is expected that the market will still continue to be stalemated in recent days.

Market outlook

Isopropyl alcohol analysts from SunSirs believe that the price of raw material acetone was lowered and the price of propylene was basically stable. The raw material support was average, the downstream demand continued to be sluggish, and the domestic IPA market was still not improving, so the procurement was cautious and wait-and-see. It is expected that the IPA market will operate weakly and stably in the short term.

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