1、 Price trend
According to the monitoring of the commodity market analysis system of Shengyi Society, the market price of isopropanol first fell and then rose this week, and overall the price has fallen. At the beginning of the week, the average price of isopropanol in China was 6666.67 yuan/ton, and the average price over the weekend was 6558.33 yuan/ton, with a price reduction of 1.63%.
This week, the market price of isopropanol first fell and then rose, indicating an overall decline in prices. The price of raw material acetone first fell and then rose, and the isopropanol market adjusted accordingly. With the rebound of the acetone market and favorable cost conditions, the confidence in the isopropanol market has improved, and the intention to offer discounts has weakened. But downstream customers are cautious in their purchases, and actual transactions are limited. As of now, most of the isopropanol market prices in Shandong are around 6400-6550 yuan/ton; The majority of prices in the isopropanol market in Jiangsu region are around 6600-6700 yuan/ton.
In terms of raw material acetone, the domestic acetone market price first fell and then rose this week. At the beginning of the week, the average price of acetone in China was 6087.5 yuan/ton, and the average price over the weekend was 5950 yuan/ton, with a price reduction of 2.26%. At present, the trading atmosphere of acetone in the market is improving, and the market focus is increasing.
In terms of propylene, the domestic propylene market is on the rise. At the beginning of the week, the market was at 6723.25 yuan/ton, and the average price over the weekend was 6785.75 yuan/ton, with a price increase of 0.93%. At present, manufacturers are mainly pushing up prices, and the market mentality is good.
3、 Future forecast
The isopropanol analyst from Business Society Chemical Branch believes that the rebound in acetone market prices and the rise in propylene prices provide strong cost support and significant support for the trend of isopropanol. It is expected that the isopropanol market will strengthen and consolidate in the short term, and more attention will be paid to changes in the raw material market.
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