According to the commodity market analysis system of Business Society, the market price of isopropanol (IPA) fluctuated this week, initially rising before falling, with an overall downward trend. At the beginning of the week, the average domestic price of IPA was 5,750 RMB/ton, while by the weekend, it had adjusted to 5,666.66 RMB/ton, representing a decrease of 1.45%. The market price of IPA experienced an initial increase followed by a decline this week, resulting in an overall downward movement. The decrease in raw material acetone prices weakened cost support, coupled with subdued terminal demand, leading to weaker market confidence. Suppliers showed increased willingness to offload inventory, while downstream buyers remained cautious, purchasing mainly on a need-to basis. As of now, most quotations in the Shandong region range between 5,650–5,700 RMB/ton, while in the Jiangsu region, prices are mostly quoted between 5,600–5,750 RMB/ton.
Market Outlook
The IPA analyst from the Chemical Division of Business Society believes that the market price of IPA initially rose before falling this week, with weak terminal demand and procurement primarily driven by immediate needs. It is expected that the market will remain weak in the short term, with attention focused on the operational strategies of major manufacturers.
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