1、 Price trend
According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic isopropanol market has slightly declined this week. On Monday, the average price of isopropanol in China was 6874 yuan/ton, and on Saturday it was 6844 yuan/ton. The price dropped by 0.44% during the week.
This week, the domestic isopropanol market experienced a slight decline. The upstream acetone market fell, while the propylene market fluctuated and fell this week. Isopropanol support was insufficient, and the market focus shifted downwards. In terms of demand, the market performance is average, and there is a strong wait-and-see sentiment in the market. Those who urgently need to buy goods are cautious when placing actual orders. As of now, most of the isopropanol market prices in Shandong are around 6700-6800 yuan/ton; The majority of isopropanol prices in the Jiangsu and Zhejiang regions are around 6850-6950 yuan/ton, while in the South China region, the price is around 7000 yuan/ton.
In terms of raw material acetone, the market price of acetone has fallen this week. The average price of acetone on Monday was 5975.5 yuan/ton, and on Saturday it was 5792.5 yuan/ton, with a price drop of 2.77%. At present, the trading atmosphere in the market is quiet, with terminal factories mainly digesting contracts, and sporadic downstream restocking entering the market. Traders are under great pressure and mostly adopt a wait-and-see approach.
In terms of propylene, the propylene market has fluctuated and fallen this week, and overall prices have fallen. On Monday, the average domestic propylene price was 6831.25 yuan/ton, and on Saturday, the average price was 6773.25 yuan/ton, with a price reduction of 0.85%. At present, the shipment situation of enterprises is average, and downstream purchases are made according to demand. It is expected that the market will experience slight fluctuations and consolidation in the short term.
3、 Future forecast
The isopropanol analyst from Business Society Chemical Branch believes that the isopropanol market price has fallen this week. The acetone market is declining, the propylene market is fluctuating and falling, and cost support is inadequate. The enthusiasm for downstream procurement is average, and low procurement is preferred for urgent needs. It is expected that the isopropanol market will weaken and consolidate in the short term.
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