1、 Price trend

According to commodity data monitoring, the isopropanol market fell in a volatile manner this week. Last Friday, the average price of isopropanol in China was 6890 yuan/ton, while this Friday’s average price was 6850 yuan/ton. The price was reduced by 0.58% during the week.

2、 Market analysis

This week, the market for isopropanol fluctuated and fell. At present, the market situation is general, and downstream buying operations are cautious, more wait-and-see, and primarily on demand. The price of acetone rose this week, with acceptable cost support. Up to now, most quotations for isopropanol in the Shandong region are around 6600-6900 yuan/ton; Most quotations for isopropanol in the Jiangsu and Zhejiang regions are around 6900-7000 yuan/ton.

Regarding raw material acetone, the acetone market rose this week. Last Friday, the average price of acetone in Shandong was 6080 yuan/ton, while this Friday’s average price was 6210 yuan/ton. During the week, the price increased by 2.14%. Spot supply continues to be tight, traders’ offers continue to be strong and upward, and terminal demand has not significantly improved. Procurement is mainly based on demand.

In terms of propylene, the propylene market fell this week. Last Friday, the average price of propylene in Shandong was 7464.6 yuan/ton, while this Friday’s average price was 7300.6 yuan/ton. During the week, the price was reduced by 2.2%. Currently, the price of propylene in the market is low, and the downstream is mostly wait-and-see, just in need of procurement.

3、 Aftermarket Forecast

An isopropanol analyst from the Chemical Branch of the Business Society believes that the price of raw acetone has increased, while the price of propylene has decreased. The support for raw materials is acceptable, while downstream demand is relatively light, procurement is cautious, and there is more wait-and-see. It is expected that in the short term, the stable operation of the isopropanol market will prevail.