1、 Price trend

According to the monitoring of the commodity market analysis system of Shengyi Society, the overall market price of isopropanol has risen this week. At the beginning of the week, the average price of isopropanol in China was 6760 yuan/ton, and over the weekend it was 6880 yuan/ton, with a price increase of 1.78%.

The market price of isopropanol has risen this week. At the beginning of the week, the main factories in Shandong stopped production, and the ex factory prices increased. Confidence in the market improved, and holders of goods pushed up prices one after another. However, downstream buying enthusiasm was average, and there was insufficient follow-up on the demand side, resulting in limited trading volume. The high-end price of isopropanol has been lowered over the weekend. As of now, most of the isopropanol market prices in Shandong are around 6800-6900 yuan/ton; The majority of isopropanol prices in the Jiangsu Zhejiang region are around 6900-7000 yuan/ton.

In terms of raw material acetone, the domestic acetone market price has fallen. The average price of acetone at the beginning of the week was 6547.5 yuan/ton, and the average price over the weekend was 6455 yuan/ton, with a price drop of 1.41%. At present, the performance of on-site orders is mediocre, and the weakening of costs has intensified the market’s wait-and-see atmosphere. It is expected that the acetone market will not see any improvement in the short term.

In terms of propylene, the domestic propylene market has slightly increased. At the beginning of the week, the market average was 6813.25 yuan/ton, and the average price over the weekend was 6865.75 yuan/ton, with a price increase of 0.77%. At present, the inventory of propylene is low, and downstream purchases should be made at a lower price according to demand. It is expected that propylene will be stable, medium to strong in the short term.

3、 Future forecast

The isopropanol analyst from Business Society Chemical Branch believes that the current drop in acetone prices is due to insufficient cost support. In addition, the downstream market has poor purchasing enthusiasm, with light trading and a focus on wait-and-see measures. It is expected that in the short term, the isopropanol market will be mainly weakly consolidated, and more attention will be paid to changes in the raw material market.