Market is balanced-to-weak. Domestic Indian prices vary heavily by grade, but China weakness and adequate supply may limit price increase in the near term.

China IPA market continued falling because of weak demand and supply pressure. India market prices are range-based by grade/location; pharma, personal care, cleaning, and solvent demand remains the main support, but no strong upside is visible immediately.

China IPA average fell from 7,358.34 RMB/ton to 6,950 RMB/ton, down 5.55%. India indications: Imported commercial bulk ₹116/kg Kandla, ₹120/kg Mumbai; Deepak Phenolics commercial bulk around ₹117/kg Dahej on 24 Jun 2026.