1、 Price trend

According to commodity data monitoring, isopropanol prices fell this week. The average price of domestic isopropanol was 6933.33 yuan / ton on Monday and 6766.67 yuan / ton on Friday. The price decreased by 2.4% during the week.

2、 Market analysis

Figure: comparison of price trend of acetone and isopropanol from June to August

Isopropanol prices fell this week. Up to now, the quotation range of Shandong isopropanol in China is about 6500-6600 yuan / ton; The quotation range of Jiangsu isopropanol is about 6900-6950 yuan / ton; The quotation range of isopropanol in Zhejiang is about 6900 yuan / ton. Internationally, on August 10, the U.S. isopropanol market closed stable, and the European isopropanol market closed basically stable. Acetone rose first and then stabilized this week, with limited support for isopropanol, insufficient upward momentum in isopropanol market, and prices fell.

In terms of raw material acetone, the current acetone market has become weak and the market has entered a stalemate. According to the monitoring of bulk commodity data, the average price of domestic acetone was 5575 yuan / ton on Monday and 5700 yuan / ton on Friday. The price decreased by 2.24% during the week.

In terms of raw material propylene, the current market price of propylene has been pushed up weakly, the manufacturer mainly focuses on price stabilization, and the downstream purchases on demand. According to the commodity data monitoring, the propylene market quotation increased this week. The average price of propylene in China was 7650.36 yuan / ton on Monday and 7723.09 yuan / ton on Friday. During the week, the price was slightly adjusted upward by 0.95%.

3、 Future forecast

Isopropanol analysts of the chemical branch of business society believe that: at present, the price of propylene is slightly adjusted upward, the trading of acetone market is weaker, the support of raw materials for isopropanol is limited, and the factory quotation is reduced. The overall demand of the domestic isopropanol market has weakened, the market is relatively light, mainly wait-and-see, the shipping resistance of traders is large, and the price is adjusted downward. It is expected that the price of isopropanol will decrease slightly in the short term, and pay attention to the changes in the news.