1、 Price trend
According to the monitoring of the Commodity Market Analysis System of the Business Society, the isopropanol market rose first and then fell this week, with a slight overall increase. Last Thursday, the average price of isopropanol in China was 7120 yuan/ton, while this Thursday’s average price was 7190 yuan/ton. The price increased by 0.98% during the week.
The isopropanol market rose first and then fell this week, with a slight overall increase. At present, the market situation is not warm or hot, with upstream acetone prices fluctuating slightly and propylene prices falling, and cost support being average. The traders’ enthusiasm for taking goods is not high, and the market price fluctuates. As of now, the majority of quotations for isopropanol in the Shandong region are around 6850-7000 yuan/ton; The majority of prices for isopropanol in the Jiangsu and Zhejiang regions are around 7300 to 7700 yuan/ton.
In terms of raw material acetone, the acetone market has declined this week. Last Thursday, the average price of acetone was 6220 yuan/ton, while this Thursday’s average price was 6601.25 yuan/ton. The price has been reduced by 0.28%. The price of acetone has fluctuated and declined, with strong downstream wait-and-see sentiment and cautious orders. The shipment situation of holders is average.
In terms of propylene, the propylene market fell this week. Last Thursday, the average price of propylene in Shandong was 7052.6 yuan/ton, while this Thursday’s average price was 6880.6 yuan/ton. During the week, the price decreased by 2.44%. The inventory of manufacturers has slowly increased, and the export pressure of propylene enterprises has increased. The trend of polypropylene market has declined, and the demand in the downstream market is weak. The overall market has weakened, and the downstream is more wait-and-see, with steel demand being the main demand. The price of propylene has decreased.
3、 Future Market Forecast
Isopropanol analyst from the Chemical Branch of the Business Society believes that the price of raw acetone has fluctuated and decreased, while the price of propylene has decreased. The support for raw materials is average, while downstream demand is tepid and tepid. Downstream and traders are cautious in purchasing and are more wait-and-see. It is expected that the isopropanol market will be weak in the short term and will continue to consolidate and operate.
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