China's IPA Market Holds Steady Amid Warm Demand and Declining Raw Material Costs
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IPA prices remained largely steady, with limited fluctuation across Asian and Indian markets due to sufficient supply and cautious buying. Imported IPA prices in Mumbai are at Rs.98/kg, while in China, regional prices range from 6,700–7,100 RMB/ton.
Key Takeaways:
- IPA prices varied slightly by location, with imported IPA in Mumbai priced lowest at Rs.98/kg and the highest at Deepak Fertilizer's Taloja rate of Rs.106/kg.
- In China, IPA prices remained stable between 6,700–7,100 RMB/ton, indicating steady demand and supply.
- Market sentiment across Asia is subdued, with buyers mainly covering essential needs, and ample supply has kept prices stable.
Chemical Price: Current Isopropyl Alcohol (IPA) Prices Across Key Regions
- For imported IPA in Kandla, the price stands at Rs.101/kg, whereas Deepak Fertilizer's commercial grade IPA in Taloja is priced higher at Rs.106/kg.
- In Mumbai, imported IPA is available at the lowest rate, priced at Rs.98/kg.
- The domestic Isopropyl Alcohol (IPA) market in China saw limited fluctuation this week. Both the opening price on Monday and the closing price on Friday were recorded at 6,760 RMB/ton, indicating stability over the period.
- Regionally, prices varied slightly, with Shandong IPA prices at approximately 6,700–6,750 RMB/ton, while Jiangsu, Zhejiang, and South China prices ranged from 6,950–7,100 RMB/ton.
Demand and Supply Trends in the IPA Market
- Market activity for IPA was generally quiet in the asian market, as the market atmosphere remained subdued with cautious buying behavior.
- Downstream buyers mainly met essential demand, without significant hoarding or large-scale purchasing activity.
- Supply remained steady with ample availability, while raw material acetone prices slightly decreased, affecting IPA market sentiment.
- Bulk consumers are in a wait-and-watch mode, as replacement costs are lower, and they anticipate price corrections due to poor production rates.
Market News on IPA and Related Commodities
- This week, the raw material acetone market experienced a minor dip, with prices dropping by about 0.42% from Monday to Friday.
- Propylene prices declined by 0.37%, reflecting increased inventory levels and weak downstream demand.
- Traders showed an increased willingness to offer discounts to encourage transactions, as general market sentiment was tepid across these related commodities.
Expert Opinion on the IPA Market
- The outlook for the IPA market suggests that prices will likely continue within a narrow range, given the weak demand and sufficient supply. With decreased cost support from both acetone and propylene, there is limited upward pressure.
- In the short term, IPA market prices are expected to remain steady, with minor fluctuations as demand remains largely focused on essential needs at low purchase levels.
Daily Market Report
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