The market price of isopropanol rose in mid February

1、 Price trend

According to the monitoring of the commodity market analysis system of Shengyi Society, the market price of isopropanol rose in mid February. On February 11th, the average price of isopropanol in China was 6570 yuan/ton, and on February 20th, the average price was 6870 yuan/ton, with a price increase of 4.57%.

The market price of isopropanol rose in mid February. The market price of raw material acetone has risen, and the isopropanol market has followed suit. The intention of holders to lower their prices has weakened, and the support for factory costs has become stronger, leading to an increase in offers from manufacturers. The focus of on-site trading continues to rise, and downstream terminal purchasing intentions are average, with cautious 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 Zhejiang region are around 6900-7100 yuan/ton.

In terms of raw material acetone, the domestic acetone market price has risen. On February 11th, the average price of acetone was 6292.5 yuan/ton, and on February 20th, the average price was 6550 yuan/ton, with a price increase of 4.09%. At present, the market atmosphere is relatively calm, and trading is deadlocked. It is expected that the acetone market will experience slight fluctuations in the short term.

In terms of propylene, the domestic propylene market has experienced slight fluctuations. On February 11th, the market average was 6878.25 yuan/ton, and on February 12th, the average price was 6858.25 yuan/ton, a decrease of 0.29%. At present, there is no pressure on propylene inventory, and downstream customers are observing and cautious in actual orders. It is expected that propylene will fluctuate and consolidate in the short term.

3、 Future forecast

An isopropanol analyst from Business Society Chemical Branch believes that the mid month rise in acetone prices provides strong cost support. However, the downstream market performance is average, with a focus on wait-and-see and cautious buying. It is expected that the isopropanol market will experience slight fluctuations and consolidation in the short term, with a focus on changes in the raw material market.