1、 Price trend

According to the monitoring of the Commodity Market Analysis System of the Business Society, the market price of isopropanol fell in October. On October 1st, the average price of isopropanol in China was 9280 yuan/ton, while on October 27th, the average price was 8560 yuan/ton. During the month, the price increased by 7.76%.

The market price of isopropanol fell in October. In the early days, after the National Day holiday, the market situation gradually weakened and the overall trading sentiment was poor. The upstream acetone market saw a decline in the acetone market, with weak cost support. In the middle of the day, the acetone market fluctuated and fell, weakening cost support. Traders have low enthusiasm for purchasing goods and weak market price confidence. In late October, upstream acetone petrochemical companies lowered their listing prices, weakening support. Downstream, wait and see, procurement is cautious. As of now, the majority of quotations for isopropanol in the Shandong region are around 8100-8300 yuan/ton; The majority of prices for isopropanol in the Jiangsu and Zhejiang regions are around 8500-8800 yuan/ton.

In terms of raw material acetone, the domestic acetone market price was lowered in October. On October 1st, the average price of acetone was 7807.5 yuan/ton, and on October 27th, the average price was 7437.5 yuan/ton. During the month, the price decreased by 4.74%. Upstream decline, traders are under pressure and eager to ship, while downstream market sentiment is low, with few actual orders and transactions, and the focus of negotiations continues to decline.

In terms of propylene, the domestic propylene (Shandong) market fluctuated and declined in October. On October 1st, the average market price was 7270.75 yuan/ton, and on August 27th, the average price was 6963.25 yuan/ton. During the month, the price decreased by 4.23%. There is a start-up plan for the devices in the aftermarket area, and the supply is expected to increase. The downstream polypropylene market has weakened, with clear bearish guidance on the news side, leading to weaker intraday trading. Downstream buying is cautious, mainly consuming inventory. Upstream inventory consumption is slow, and in order to stimulate sales, the quotation has been lowered.

3、 Future Market Forecast

Isopropanol analysts from the Chemical Branch of the Business Society believe that the prices of raw materials acetone and propylene have fallen one after another, and overall cost support is weak. The overall market trading atmosphere is light, with downstream and traders maintaining a wait-and-see attitude. It is expected that the isopropanol market may continue to decline slightly in the short term.