Morning Market Briefing: Isopropyl Alcohol (IPA)

I. Key Focus Points

1. Yesterday, the negotiated price for acetone in the East China market was CNY 8,775/ton, a day-on-day decrease of CNY 225/ton.
2. Yesterday, Lihua Yiweiyuan's external quote for isopropanol (IPA) was CNY 9,800/ton.

Core Logic: Monitor raw material market prices and demand follow-through.

II. Price Table

| Notes: 1. Acetone, propylene, and IPA all refer to national standard premium-grade products. 2. All listed prices are spot cash self-pickup prices, unit: CNY/ton. 3. The two-period prices represent point-in-time prices from the previous two working weeks prior to this week, not weekly averages. 4. The change rate indicates period-over-period fluctuation. | | | | |

III. Market Outlook

Yesterday, the domestic isopropanol (IPA) market experienced a slight downward trend. Declining raw material prices weakened cost-side support, while demand remained sluggish. Intermediaries found room for negotiation on actual transactions, but downstream buyers showed little willingness to enter the market. Overall trading volume within the market was insufficient, with most participants waiting for further clarity on market conditions. Today, the IPA market is expected to maintain a weak consolidation pattern, with observers monitoring raw material trends and demand developments.

IV. Data Calendar

| 1. ↓↑ indicates significant fluctuations, highlighting data dimensions with changes exceeding 3%. 2. ↗↘ indicates narrow-range fluctuations, highlighting data with changes within 3%. 3. → indicates stability. | | | |