Trade name: IPA
Latest price (March 24): 8,983.33 RMB/ton
Analysis review
On April 14, the market center of IPA rose. The market price of raw propylene rose, the price of acetone was high, the cost support was strong, the factory inventory was low, and the price rose slightly. Traders were more cautious in taking the goods. They were more wait-and-see in the market. Downstream customers mainly purchased on demand, and IPA market was higher. As of the 14th, the negotiation range of IPA in Shandong Province was about 8,600-9,100 RMB/ton, and that of IPA in Jiangsu Province was about 9,100-9,150 RMB/ton. The IPA negotiation range in Zhejiang was around 9,000 RMB/ton.
Market outlook
IPA analysts of SunSirs believe that IPA cost support is strong, factory inventory is low, pushing up obviously, but the downstream wait-and-see mood is obvious, mainly purchasing on demand, and IPA is expected to consolidate at a high level in the short term.
