1、 Price trend

According to the monitoring of the Commodity Market Analysis System of the Business Society, the market price of isopropanol increased in July. At the beginning of the month, the average price of isopropanol in China was 6440 yuan/ton, while at the end of the month, the average price was 74600 yuan/ton. During the month, the price increased by 15.84%.

The market price of isopropanol continued to rise in July. At present, the market situation for isopropanol is good. Upstream acetone market prices have risen, with strong cost support. Market confidence is good, downstream inquiries are relatively positive, overall market trading is relatively active, and the focus is gradually shifting upwards. As of now, the majority of quotations for isopropanol in the Shandong region are around 7200-7700 yuan/ton; The majority of prices for isopropanol in the Jiangsu and Zhejiang regions are around 7500-7700 yuan/ton.

In terms of raw acetone, the domestic acetone market has been continuously rising since July. At the beginning of July, the average price of acetone was 5432.5 yuan/ton, and at the end of July, the average price was 6987.5 yuan/ton. During the month, the price increased by 28.62%. The enthusiasm of intermediate traders to enter the market has increased, and their inventory willingness has increased. The inquiry atmosphere for major downstream factories entering the market has significantly improved, and the market focus continues to rise. It is expected that acetone will maintain a strong operation in the short term.

In terms of propylene, the domestic propylene (Shandong) market fluctuated in July, with an overall slight increase. At the beginning of July, the market average was 6518 yuan/ton, and on July 28th, the average price was 6675 yuan/ton, a monthly increase of 2.42%, a decrease of 7.72% compared to the same period last year. In July, the upstream of propylene showed varying degrees of increase, effectively boosting the propylene market with increased cost support. On the demand side: downstream derivatives of propylene, except for epoxy propane, have shown varying degrees of increase, with some products experiencing an increase of over 10%. Downstream products are supported by raw material costs, and the market is showing a trend of improvement.

3、 Future Market Forecast

An isopropanol analyst from the Chemical Branch of the Business Society believes that the price of raw acetone has risen, while propylene has slightly increased. The overall cost support has driven up the price of isopropanol in the market. In addition, the export sector has performed well, and the domestic market has also performed well. Overall, the market trading is relatively active. It is expected that in the short term, the high level consolidation and operation of the isopropanol market will be the main focus.