SunSirs: The IPA Market Rose First and Then Fell This Week (May 4-11)

Price trend

According to the monitoring of the Commodity Market Analysis System of SunSirs, the IPA market rose first and then fell this week, with a slight increase overall. Last Thursday, the average price of IPA in China was 7,120 RMB/ton, while this Thursday's average price was 7,190 RMB/ton. The price increased by 0.98% during the week.

Analysis review

The IPA market rose first and then fell this week, with a slight increase overall. As of the 11th, the market situation was lukewarm and tepid, with upstream acetone prices fluctuating downward slightly and propylene prices falling, and the cost support was average. The traders' enthusiasm for taking goods was not high, and the market price fluctuated. As of the 11th, the majority of quotations for IPA in the Shandong region were around 6,850-7,000 RMB/ton; The majority of prices for IPA in the Jiangsu and Zhejiang regions were around 7,300 to 7,700 RMB/ton.

In terms of raw material acetone, the acetone market declined this week. Last Thursday, the average price of acetone was 6,220 RMB/ton, while this Thursday's average price was 6,601.25 RMB/ton. The price was reduced by 0.28%. The price of acetone fluctuated and declined, downstream had a strong wait-and-see sentiment, and getting orders were cautious, and the shipment situation of the holders was average.

In terms of propylene, the propylene market fell this week. Last Thursday, the average price of propylene in Shandong was 7,052.6 RMB/ton, while this Thursday's average price was 6,880.6 RMB/ton. During the week, the price decreased by 2.44%. The inventory of manufacturers slowly increased, and the export pressure of propylene enterprises increased. The trend of polypropylene market declined, and the demand in the downstream market was weak. The overall market was weakened, and the downstream was more wait-and-see, mainly rigid demand. The price of propylene had decreased.

Market outlook

SunSirs IPA analysts believe that the price of raw acetone fluctuated and declined, while the price of propylene fell. The support of raw materials was average, and downstream demand was tepid. Downstream and traders were cautious in purchasing and mainly wait-and-see. It is expected that the IPA market will consolidate to be weaker in the short term.

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